Iowa Lube Inc.

$221,000 PPP Loan in Cedar Rapids, Iowa

Loan Details

Loan Number
8248717006
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$221,000
Current Approval
$221,000
Forgiveness Amount
$222,479
Forgiveness Date
Dec 15, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Iowa Lube Inc.
Address
1888 Blairs Ferry Rd
State
Iowa
ZIP Code
52402-5873
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (811111)
Franchise
Jiffy Lube
Business Age
Existing or more than 2 years old
Jobs Reported
36
Estimated Revenue
$7.1M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$176,800
Rent
$22,100
Utilities
$11,050
Mortgage Interest
$11,050

Lender Information

Servicing Lender
Farmers State Bank
Originating Lender
Farmers State Bank

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