AMERICAN HANDLING SYSTEMS, INC (IA) - 2020 PPP Loan Borrower Profile (# 7646477007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN HANDLING SYSTEMS, 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

7646477007

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$688,200

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$695,005.53

Date Loan was Forgiven

Apr 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

16,000

Payroll Proced

535,100

Health Care Proceed

92,100

Debt Interest Proceed

45,000

Lender

Community State Bank

Business Detail

Business Type

Corporation

NAICS

333249

Borrower Location

LAURENS, IA

Project Location

LAURENS, IA

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.