Novak Electric, Inc.

$220,332 PPP Loan in Fairfax, Iowa

Loan Details

Loan Number
9244677004
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$220,332
Current Approval
$220,332
Forgiveness Amount
$222,016
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Novak Electric, Inc.
Address
440 Highland Ave
State
Iowa
ZIP Code
52228-9617
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$7.6M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$195,580
Rent
$3,800
Utilities
$854
Health Care
$17,606
Mortgage Interest
$2,492

Lender Information

Servicing Lender
Corda Credit Union
Originating Lender
Corda Credit Union

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