AMERICAN LEGION OB NELSON POST 3 (IA) - 2020 PPP Loan Borrower Profile (# 5956118508)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN LEGION OB NELSON POST 3. 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

5956118508

SBA Office Code

0761

Processing Method

PPS

Curent Loan Amount

$8,220

Date Loan was Approved

Mar 2, 2021

Amount Forgiven

$8,278

Date Loan was Forgiven

Nov 26, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

8,219

Lender

South Ottumwa Savings Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

813410

Borrower Location

Ottumwa, IA

Project Location

Ottumwa, IA

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.