ABLE DEVELOPMENT CORP (IA) - 2020 PPP Loan Borrower Profile (# 3272258406)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABLE DEVELOPMENT CORP. 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

3272258406

SBA Office Code

0761

Processing Method

PPS

Curent Loan Amount

$40,430

Date Loan was Approved

Feb 4, 2021

Amount Forgiven

$40,644.5

Date Loan was Forgiven

Aug 23, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

40,430

Lender

Peoples Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

236115

Borrower Location

Sioux City, IA

Project Location

Sioux City, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.