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Loan Amount
$20,800
Amount Forgiven
$20,905
Includes any accrued interest
Where applicants said the money will go
Payroll
$20,797
Utilities
$1
Mortgage Interest
$0
Health Care
$0
Rent
$0
Refinance EIDL
$0
Debt Interest
$0
Location
Algona, IA
Rural
Industry
Corn Farming
Date Approved
Feb. 19, 2021 (First Round)
Lender
Northwest Bank
Jobs Reported
1
Business Type
Subchapter S Corporation
Business Age
Existing or more than 2 years old
Loan Status
Forgiven
Companies and nonprofit organizations that receive PPP loans may have the loans forgiven if they meet certain criteria, including not laying off employees during the defined period covered by the loan. Applicants must attest in their application that the loans are necessary for their continuing operation. Note: This data reflects loan applications approved by banks and submitted to the SBA. It may not account for money not distributed to, or credit not used by, a given company.
If you are a representative of this company and believe this record is in error, use this form to let the SBA know.
About this data
This data comes from the Small Business Administration, and includes lender-approved loans under the Paycheck Protection Program as of June 1, 2021. Other loan programs, such as Economic Injury Disaster Loans, are not included in this database. The data includes the congressional district of each organization, but for Pennsylvania and North Carolina the districts do not reflect 2018 redistricting.
Journalists: Thank you for using this database. Please cite ProPublica by linking to this page. Questions? Contact us.
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