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North Iowa Cooperative Elevator

$622,300 PPP Loan in Thornton, Iowa

Loan Details

Loan Number
9173877007
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$622,300
Current Approval
$622,300
Forgiveness Amount
$625,878
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
North Iowa Cooperative Elevator
Address
105 S 1st St
City
Thornton
State
Iowa
ZIP Code
50479-6044
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424510)
Business Age
Existing or more than 2 years old
Jobs Reported
50
Estimated Revenue
$12.9M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$466,900
Rent
$112,000
Utilities
$34,600
Debt Interest
$8,800

Lender Information

Servicing Lender
Clear Lake Bank & Trust Company
Originating Lender
Clear Lake Bank & Trust Company

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