PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Rodney Storm, Sanborn, IA

ALERT: There are 2 PPP loans for a total of $33,930 in our database for businesses with the name "Rodney Storm" in Sanborn, IA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Rodney Storm
IA

Rodney Storm

Entity: Self-employed Individual

Industry: Corn Farming

Location: Sanborn, IA

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Rodney Storm is a self-employed individual located in Sanborn, Iowa that received a Coronavirus-related PPP loan from the SBA of $20,830.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #7251278509

Loan Size:

$20,830

Jobs Retained:

1

Loan Approved:

2021-03-05

Loan Status:

Paid in Full or Forgiven

Lender:

Peoples Bank

Rodney Storm in Sanborn, IA received a Paycheck Protection Loan of $20,830 through Peoples Bank, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Rodney Storm reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,827
  • Utilities: $1

Business Information - Rodney Storm in Sanborn, IA

Rodney Storm
Sanborn, IA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Corn Farming
NAICS code 111150

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Obrien County, IA — SBA Office 0761 — Congressional District: IA-04

Similar Companies near Sanborn

In the Sanborn area, 245 businesses in the "Corn Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $16,464 (compared to this company's $20,830).

Industry PPP Comparison Statistics

Nationwide, 91,161 businesses in the "Corn Farming" industry received a total of $1.75B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 2 employees, 100% higher than Rodney Storm's reported 1 employees, and received an average PPP loan of $19,198, 8% lower than this company's loan of $20,830.

SBA PPP loan data, payroll data, and salaries for Rodney Storm
IA

Rodney Storm

Entity: Self-employed Individual

Industry: Corn Farming

Location: Sanborn, IA

Search All PPP Data

Rodney Storm is a self-employed individual located in Sanborn, Iowa that received a Coronavirus-related PPP loan from the SBA of $13,100.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #3086307201

Loan Size:

$13,100

Jobs Retained:

1

Loan Approved:

2020-04-16

Loan Status:

Paid in Full or Forgiven

Lender:

Peoples Bank

Rodney Storm in Sanborn, IA received a Paycheck Protection Loan of $13,100 through Peoples Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2020.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Rodney Storm reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,100

Business Information - Rodney Storm in Sanborn, IA

Rodney Storm
Sanborn, IA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Corn Farming
NAICS code 111150

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Obrien County, IA — SBA Office 0761 — Congressional District: IA-04

Similar Companies near Sanborn

In the Sanborn area, 245 businesses in the "Corn Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $16,464 (compared to this company's $13,100).

Industry PPP Comparison Statistics

Nationwide, 91,161 businesses in the "Corn Farming" industry received a total of $1.75B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 2 employees, 100% higher than Rodney Storm's reported 1 employees, and received an average PPP loan of $19,198, 47% higher than this company's loan of $13,100.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/rodney-storm-sanborn-ia