ABELS FINANCIAL LTD (IA) - 2020 PPP Loan Borrower Profile (# 7315317000)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABELS FINANCIAL LTD. 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

7315317000

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$20,240

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$20,388.06

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

422

Payroll Proced

16,192

Mortgage Interest Proceed

1,262

Rent Proceed

1,578.24

Health Care Proceed

785.76

Lender

NSB Bank

Business Detail

Business Type

Corporation

NAICS

523999

Borrower Location

FOREST CITY, IA

Project Location

FOREST CITY, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.