ABELS FARM INC (IA) - 2020 PPP Loan Borrower Profile (# 2240587100)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABELS FARM 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

2240587100

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$14,897

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$14,987.21

Date Loan was Forgiven

Nov 25, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

11,173

Health Care Proceed

3,724

Lender

NSB Bank

Business Detail

Business Type

Corporation

NAICS

111150

Borrower Location

THOMPSON, IA

Project Location

THOMPSON, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.