CARROLL DISTRIBUTING AND CONSTRUCTION SUPPLY ESOP

Summary of PPP (Paycheck Protection Program) Loan approved to CARROLL DISTRIBUTING AND CONSTRUCTION SUPPLY ESOP by Cedar Rapids Bank and Trust Company. The loan was approved on 4/13/2020 in the range of $2-5 million.

Business Information

Name:

CARROLL DISTRIBUTING AND CONSTRUCTION SUPPLY ESOP

207 W 2ND STREET, SUITE 3
OTTUMWA, IA 52501
Business type: Employee Stock Ownership Plan(ESOP)
Merchant Wholesalers, Durable Goods
→ Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers
Non-profit: No
Loan amount: $2-5 million
(50 Jobs retained)
Date approved: April 13, 2020
Lender Cedar Rapids Bank and Trust Company

Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.