Stateline Cooperative

$1,892,200 PPP Loan in Burt, Iowa

Loan Details

Loan Number
8265997000
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$1,892,200
Current Approval
$1,892,200
Forgiveness Amount
$1,904,499
Forgiveness Date
Dec 8, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Stateline Cooperative
Address
120 Walnut St
City
Burt
State
Iowa
ZIP Code
50522-7738
Business Type
Cooperative
Industry (NAICS)
Wholesale Trade (424510)
Business Age
Existing or more than 2 years old
Jobs Reported
135
Estimated Revenue
$34.7M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$1,474,200
Utilities
$135,000
Health Care
$159,000
Mortgage Interest
$124,000

Lender Information

Servicing Lender
Northwest Bank
Originating Lender
Northwest Bank

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