ADVANCED ELECTRICAL LLC (IA) - 2020 PPP Loan Borrower Profile (# 5114998409)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED ELECTRICAL LLC. 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

5114998409

SBA Office Code

0761

Processing Method

PPS

Curent Loan Amount

$7,659.47

Date Loan was Approved

Feb 7, 2021

Amount Forgiven

$7,715.29

Date Loan was Forgiven

Nov 5, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

7,655.47

Lender

Farmers Bank of Northern Missouri

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

Centerville, IA

Project Location

Centerville, IA

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.