ABSOLUTE AUTO REPAIR INC. (IA) - 2020 PPP Loan Borrower Profile (# 1990708307)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABSOLUTE AUTO REPAIR 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

1990708307

SBA Office Code

0761

Processing Method

PPS

Curent Loan Amount

$45,862.5

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$46,045.95

Date Loan was Forgiven

Jun 28, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

45,857.5

Lender

Midwest Heritage Bank, F.S.B.

Business Detail

Business Type

Corporation

NAICS

811111

Borrower Location

Urbandale, IA

Project Location

Urbandale, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.