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Elwell Electric

$7,500 PPP Loan in Spencer, Iowa

Loan Details

Loan Number
8119557206
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$7,500
Current Approval
$7,500
Forgiveness Amount
$7,559
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Elwell Electric
Address
2380 320th St
City
Spencer
State
Iowa
ZIP Code
51301
Business Type
Sole Proprietorship
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
1
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$7,000
Utilities
$500

Lender Information

Servicing Lender
Northwest Bank
Originating Lender
Northwest Bank

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