Sanctuary Spa

$281,700 PPP Loan in Cedar Rapids, Iowa

Loan Details

Loan Number
8387227001
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$281,700
Current Approval
$280,000
Forgiveness Amount
$282,761
Forgiveness Date
Apr 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sanctuary Spa
Address
5100 Fountains Dr NE Ste 106
State
Iowa
ZIP Code
52411-6603
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (812990)
Business Age
Existing or more than 2 years old
Jobs Reported
60
Estimated Revenue
$11.5M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$210,000
Rent
$35,000
Utilities
$35,000

Lender Information

Servicing Lender
Farmers State Bank
Originating Lender
Farmers State Bank

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