ARCH, INC. (IA) - 2020 PPP Loan Borrower Profile (# 2703267106)

Updated on April 18, 2025.

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

2703267106

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$186,000

Date Loan was Approved

Apr 11, 2020

Amount Forgiven

$187,758.08

Date Loan was Forgiven

Apr 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

23,250

Payroll Proced

139,500

Mortgage Interest Proceed

23,250

Lender

The Clinton National Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

623210

Borrower Location

CLINTON, IA

Project Location

CLINTON, 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.