ADAMS INC (AK) - 2020 PPP Loan Borrower Profile (# 7118978508)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAMS 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 Alaska.

Loan Detail

Loan Number

7118978508

SBA Office Code

1084

Processing Method

PPS

Curent Loan Amount

$322,100

Date Loan was Approved

Mar 5, 2021

Amount Forgiven

$325,418.07

Date Loan was Forgiven

Mar 23, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

322,100

Lender

First National Bank Alaska

Business Detail

Business Type

Corporation

NAICS

238320

Borrower Location

Palmer, AK

Project Location

Palmer, AK

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.