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Macke Motors, Inc.

$476,900 PPP Loan in Lake City, Iowa

Loan Details

Loan Number
8733817005
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$476,900
Current Approval
$476,900
Forgiveness Amount
$479,918
Forgiveness Date
Dec 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Macke Motors, Inc.
Address
1201 W Main St Po Box 115
City
Lake City
State
Iowa
ZIP Code
51449-1581
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
45
Estimated Revenue
$11.3M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$460,000
Utilities
$6,900
Mortgage Interest
$10,000

Lender Information

Servicing Lender
United Bank of Iowa
Originating Lender
United Bank of Iowa

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