ALEL ENTERPRISES LLC (IA) - 2020 PPP Loan Borrower Profile (# 1522267200)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALEL ENTERPRISES 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

1522267200

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$57,599

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$58,064.53

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,521

Payroll Proced

46,078

Rent Proceed

6,000

Lender

Fortress Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

811121

Borrower Location

DAVENPORT, IA

Project Location

DAVENPORT, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.