DOWNES INSURANCE ASSOCIATES IN (DE) - 2020 PPP Loan Borrower Profile (# 3150477408)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DOWNES INSURANCE ASSOCIATES IN. 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 Delaware.

Loan Detail

Loan Number

3150477408

SBA Office Code

0341

Processing Method

PPP

Curent Loan Amount

$45,000

Date Loan was Approved

May 6, 2020

Amount Forgiven

$41,957.67

Date Loan was Forgiven

Sep 1, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

45,000

Lender

PNC Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

524210

Borrower Location

MILFORD, DE

Project Location

MILFORD, DE

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.