AMES ENGINEERING, INC. (IA) - 2020 PPP Loan Borrower Profile (# 1700577105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMES ENGINEERING, 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

1700577105

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$191,957

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$193,413.77

Date Loan was Forgiven

Jan 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,390

Payroll Proced

153,567

Rent Proceed

36,000

Lender

First National Bank Ames, Iowa

Business Detail

Business Type

Subchapter S Corporation

NAICS

541330

Borrower Location

AMES, IA

Project Location

AMES, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.