ALEWELT CONCRETE INC. (IA) - 2020 PPP Loan Borrower Profile (# 7425897109)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALEWELT CONCRETE 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

7425897109

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$464,985

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$469,893.18

Date Loan was Forgiven

May 6, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

348,738.75

Rent Proceed

116,246.25

Lender

Carrollton Bank

Business Detail

Business Type

Corporation

NAICS

238110

Borrower Location

ALDEN, IA

Project Location

ALDEN, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.