Raleigh Johnson Motor Company

$226,800 PPP Loan in Belle Plaine, Iowa

Loan Details

Loan Number
7569017004
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$226,800
Current Approval
$226,800
Forgiveness Amount
$229,207
Forgiveness Date
May 3, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Raleigh Johnson Motor Company
Address
210 7th Ave
State
Iowa
ZIP Code
52208-2100
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$6.0M
Rural/Urban
Rural
Congressional District
IA-02

Loan Use Breakdown

Payroll
$170,100
Rent
$14,175
Utilities
$14,175
Health Care
$14,175
Mortgage Interest
$14,175

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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