ARC MECHANICAL INC. (IA) - 2020 PPP Loan Borrower Profile (# 2482238306)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARC MECHANICAL 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

2482238306

SBA Office Code

0736

Processing Method

PPS

Curent Loan Amount

$527,700

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$531,762.57

Date Loan was Forgiven

Nov 1, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

527,697

Lender

Connection Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238990

Borrower Location

Keokuk, IA

Project Location

Keokuk, 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.