As part of the Paycheck Protection Program MIKE MOLSTEAD MOTORS, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

MIKE MOLSTEAD MOTORS, INC


Loan Amount	$986,000
BusinessName	MIKE MOLSTEAD MOTORS, INC
Address	1501 S Grand Ave
City	CHARLES CITY
State	IA
Zip	50616
NAICSCode	441110
BusinessType	Corporation
RaceEthnicity	White
Gender	Male Owned
Veteran	Non-Veteran
NonProfit
JobsReported	61
DateApproved	04/03/2020
Lender	First Citizens Bank
CD	IA-04
BusinessName.clean	MIKE MOLSTEAD MOTORS

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

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