A-D DISTRIBUTING COMPANY INC. (IA) - 2020 PPP Loan Borrower Profile (# 5824988400)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A-D DISTRIBUTING COMPANY 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 Iowa.

Loan Detail

Loan Number

5824988400

SBA Office Code

0761

Processing Method

PPS

Curent Loan Amount

$21,000

Date Loan was Approved

Feb 9, 2021

Amount Forgiven

$21,200.08

Date Loan was Forgiven

Jan 19, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

20,998

Lender

U.S. Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

441120

Borrower Location

Des Moines, IA

Project Location

Des Moines, IA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.