ABELSTAD INSURANCE (CO) - 2020 PPP Loan Borrower Profile (# 8962347304)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABELSTAD INSURANCE. 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 Colorado.

Loan Detail

Loan Number

8962347304

SBA Office Code

0811

Processing Method

PPP

Curent Loan Amount

$12,500

Date Loan was Approved

May 1, 2020

Amount Forgiven

$12,616.78

Date Loan was Forgiven

Apr 14, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

12,500

Lender

Farmers Insurance Group FCU

Business Detail

Business Type

Corporation

NAICS

524210

Borrower Location

COLORADO SPRINGS, CO

Project Location

COLORADO SPRINGS, CO

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.