The Vernon Company

$2,000,000 PPP Loan in Newton, Iowa

Loan Details

Loan Number
7454558902
Date Approved
May 7, 2021
Loan Status
Paid in Full
Initial Approval
$2,000,000
Current Approval
$2,000,000
Forgiveness Amount
$2,012,056
Forgiveness Date
Dec 21, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
The Vernon Company
Address
604 W 4th St N
City
Newton
State
Iowa
ZIP Code
50208-2046
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424990)
Business Age
Existing or more than 2 years old
Jobs Reported
224
Estimated Revenue
$57.7M
Rural/Urban
Rural
Congressional District
IA-01

Loan Use Breakdown

Payroll
$1,999,999
Utilities
$1

Lender Information

Servicing Lender
U.s. Bank, National Association
Originating Lender
U.s. Bank, National Association

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