A. LEO PELDS ENGINEERING CO INC (IA) - 2020 PPP Loan Borrower Profile (# 5250057004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A. LEO PELDS ENGINEERING CO INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Iowa.

Loan Detail

Loan Number

5250057004

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$164,257

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$165,260.79

Date Loan was Forgiven

Nov 20, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

14,303

Payroll Proced

135,650

Rent Proceed

14,304

Lender

Exchange State Bank

Business Detail

Business Type

Corporation

NAICS

541330

Borrower Location

DES MOINES, IA

Project Location

DES MOINES, IA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.