Draintech, Inc.

$180,800 PPP Loan in Ames, Iowa

Loan Details

Loan Number
8400297006
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$180,800
Current Approval
$180,800
Forgiveness Amount
$182,851
Forgiveness Date
Jun 4, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Draintech, Inc.
Address
2825 Wakefield Circle
City
Ames
State
Iowa
ZIP Code
50010-7725
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
16
Estimated Revenue
$5.1M
Rural/Urban
Urban
Congressional District
IA-04

Loan Use Breakdown

Payroll
$144,640
Rent
$18,080
Utilities
$18,080

Lender Information

Servicing Lender
First National Bank Ames, Iowa
Originating Lender
First National Bank Ames, Iowa

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