ARL PROPERTIES, LLC (IA) - 2020 PPP Loan Borrower Profile (# 9901727105)

Updated on April 18, 2025.

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

9901727105

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$20,025

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$13,691.19

Date Loan was Forgiven

Oct 28, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

15,020

Mortgage Interest Proceed

5,005

Lender

Midwest Heritage Bank, F.S.B.

Business Detail

Business Type

Subchapter S Corporation

NAICS

531390

Borrower Location

DES MOINES, IA

Project Location

DES MOINES, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.