ALGONA LODGE & SUITES LLC (IA) - 2020 PPP Loan Borrower Profile (# 1413338303)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALGONA LODGE & SUITES 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

1413338303

SBA Office Code

0761

Processing Method

PPS

Curent Loan Amount

$49,574

Date Loan was Approved

Jan 17, 2021

Amount Forgiven

$49,787.44

Date Loan was Forgiven

Jun 30, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

49,572

Lender

Iowa State Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

721110

Borrower Location

Algona, IA

Project Location

Algona, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.