DANIEL ARMER ELECTRIC CO INC (AR) - 2020 PPP Loan Borrower Profile (# 1632077105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DANIEL ARMER ELECTRIC CO 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 Arkansas.

Loan Detail

Loan Number

1632077105

SBA Office Code

0669

Processing Method

PPP

Curent Loan Amount

$59,500

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$59,855.37

Date Loan was Forgiven

Nov 23, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

4,959

Payroll Proced

44,625

Mortgage Interest Proceed

4,958

Rent Proceed

4,958

Lender

Citizens Bank & Trust Co.

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

VAN BUREN, AR

Project Location

VAN BUREN, AR

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.