Ryan Motors Inc.

$929,400 PPP Loan in Hiawatha, Iowa

Loan Details

Loan Number
8225327004
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$929,400
Current Approval
$929,400
Forgiveness Amount
$935,131
Forgiveness Date
Nov 27, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Ryan Motors Inc.
Address
1190 Boyson Rd
State
Iowa
ZIP Code
52233-2200
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
76
Estimated Revenue
$19.2M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$743,250
Rent
$93,050
Utilities
$93,100

Lender Information

Servicing Lender
Farmers State Bank
Originating Lender
Farmers State Bank

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