ABC ELECTRICAL SERVICES, LLC (IA) - 2020 PPP Loan Borrower Profile (# 7525907205)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABC ELECTRICAL SERVICES, LLC. 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

7525907205

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$1,373,762

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$1,383,773.53

Date Loan was Forgiven

Jan 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,373,762

Lender

First National Bank Ames, Iowa

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

DES MOINES, IA

Project Location

DES MOINES, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.