ACTION ELECTRICAL CONTRACTING, INC. (IA) - 2020 PPP Loan Borrower Profile (# 1528247108)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACTION ELECTRICAL CONTRACTING, 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

1528247108

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$242,500

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$244,320.41

Date Loan was Forgiven

Jan 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,000

Payroll Proced

208,300

Rent Proceed

10,000

Health Care Proceed

23,200

Lender

Iowa State Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

DES MOINES, IA

Project Location

DES MOINES, IA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.