PPP borrower record

PELLA MOTORS INC PPP loan record

Public SBA PPP loan record for PELLA MOTORS INC. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.

$394,400
Approved amount
N/A
Forgiven amount
2020-04-14
Date approved

Borrower and loan details

Borrower
PELLA MOTORS INC
Loan number
5727127108
Business type
Subchapter S Corporation
Business age
Existing or more than 2 years old
Borrower city
Pella
Borrower state
Iowa
Borrower ZIP
50219
Jobs reported
35
Loan status
Exemption 4
Forgiveness date
N/A
Servicing lender
MidWestOne Bank
Originating lender
MidWestOne Bank

Reported use of proceeds

Payroll
$295,800
Rent
$24,650
Utilities
$24,650
Mortgage interest
$24,650
Health care
N/A
Debt interest
$24,650

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Source note

PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.