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First Gear Inc.

$267,000 PPP Loan in Peosta, Iowa

Loan Details

Loan Number
7480917007
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$267,000
Current Approval
$267,000
Forgiveness Amount
$269,143
Forgiveness Date
Jan 28, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
First Gear Inc.
Address
8668 Kapp Dr
City
Peosta
State
Iowa
ZIP Code
52068-9568
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (453998)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$200,250
Rent
$16,688
Utilities
$16,688
Mortgage Interest
$16,687
Debt Interest
$16,687

Lender Information

Servicing Lender
Dupaco Community Cu
Originating Lender
Dupaco Community Cu

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