APPLEGATE ELECTRIC LLC (IA) - 2020 PPP Loan Borrower Profile (# 3050647305)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to APPLEGATE ELECTRIC LLC. 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

3050647305

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$54,862

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$55,287.37

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

54,862

Lender

First Interstate Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

OAKLAND, IA

Project Location

OAKLAND, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.