ANCHOR FRAME AND AXLE, INC. (IA) - 2020 PPP Loan Borrower Profile (# 5911047108)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ANCHOR FRAME AND AXLE, 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

5911047108

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$60,000

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$60,551.67

Date Loan was Forgiven

Mar 22, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

60,000

Lender

Cedar Rapids Bank and Trust Company

Business Detail

Business Type

Subchapter S Corporation

NAICS

811198

Borrower Location

MARION, IA

Project Location

MARION, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.