ALPHA MIDWEST HOLDING COMPANY (IA) - 2020 PPP Loan Borrower Profile (# 9880257008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALPHA MIDWEST HOLDING COMPANY. 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

9880257008

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$1,749,000

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$1,758,716.67

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,749,000

Lender

Farmers & Merchants Savings Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

CEDAR RAPIDS, IA

Project Location

CEDAR RAPIDS, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.