ACTERRA GROUP INC (IA) - 2020 PPP Loan Borrower Profile (# 8588947110)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACTERRA GROUP 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

8588947110

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$588,300

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$592,058.58

Date Loan was Forgiven

Dec 8, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

36,768.75

Payroll Proced

441,225

Mortgage Interest Proceed

36,768.75

Rent Proceed

36,768.75

Health Care Proceed

36,768.75

Lender

MidWestOne Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

332420

Borrower Location

MARION, IA

Project Location

MARION, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.