AGRI DRAIN CORP. (IA) - 2020 PPP Loan Borrower Profile (# 4985227003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AGRI DRAIN 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

4985227003

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$446,200

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$449,893.54

Date Loan was Forgiven

Feb 9, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

8,256

Payroll Proced

365,180.72

Rent Proceed

30,537

Health Care Proceed

42,226.28

Lender

Northwest Bank

Business Detail

Business Type

Corporation

NAICS

332911

Borrower Location

ADAIR, IA

Project Location

ADAIR, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.