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United Farmers Cooperative

$3,036,200 PPP Loan in Red Oak, Iowa

Loan Details

Loan Number
7611797009
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$3,036,200
Current Approval
$3,036,200
Forgiveness Amount
$3,072,128
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
United Farmers Cooperative
Address
203 W Oak St
City
Red Oak
State
Iowa
ZIP Code
51566-1432
Business Type
Cooperative
Industry (NAICS)
Wholesale Trade (424510)
Business Age
Existing or more than 2 years old
Jobs Reported
319
Estimated Revenue
$82.1M
Rural/Urban
Rural
Congressional District
IA-03

Loan Use Breakdown

Payroll
$3,000,000
Utilities
$11,200
Mortgage Interest
$25,000

Lender Information

Servicing Lender
Houghton State Bank
Originating Lender
Houghton State Bank

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