ARMOUR INSURANCE, INC. (IA) - 2020 PPP Loan Borrower Profile (# 6461407007)

Updated on April 18, 2025.

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

6461407007

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$129,547

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$130,266.71

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,000

Payroll Proced

103,547

Rent Proceed

15,000

Health Care Proceed

10,000

Lender

Midstates Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

524210

Borrower Location

GRISWOLD, IA

Project Location

GRISWOLD, IA

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.