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Molo Oil Company

$655,700 PPP Loan in Dubuque, Iowa

Loan Details

Loan Number
9902557006
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$655,700
Current Approval
$655,700
Forgiveness Amount
$660,909
Forgiveness Date
Jan 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Molo Oil Company
Address
123 Southern Avenue
City
Dubuque
State
Iowa
ZIP Code
52003-7847
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424710)
Business Age
Existing or more than 2 years old
Jobs Reported
106
Estimated Revenue
$27.3M
Rural/Urban
Urban
Congressional District
IA-02

Loan Use Breakdown

Payroll
$491,775
Rent
$40,981
Utilities
$40,981
Mortgage Interest
$40,981
Debt Interest
$40,981

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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