Acterra Group INC

$588,300 PPP Loan in Marion, Iowa

Loan Details

Loan Number
8588947110
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$588,300
Current Approval
$588,300
Forgiveness Amount
$592,059
Forgiveness Date
Dec 8, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Acterra Group INC
Address
200 35th Street
City
Marion
State
Iowa
ZIP Code
52302
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332420)
Business Age
Existing or more than 2 years old
Jobs Reported
43
Estimated Revenue
$10.5M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$441,225
Rent
$36,769
Utilities
$36,769
Health Care
$36,769
Mortgage Interest
$36,769

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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