ABSOLUTE ENERGY, LLC (IA) - 2020 PPP Loan Borrower Profile (# 5661407007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABSOLUTE ENERGY, 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

5661407007

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$757,390

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$761,639.8

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

757,390

Lender

Home Federal Savings Bank

Business Detail

Business Type

Cooperative

NAICS

325193

Borrower Location

SAINT ANSGAR, IA

Project Location

SAINT ANSGAR, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.