ARMSTRONG MEMORIALS INC (IA) - 2020 PPP Loan Borrower Profile (# 8485587008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARMSTRONG MEMORIALS 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

8485587008

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$50,000

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$50,547.22

Date Loan was Forgiven

May 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

50,000

Lender

Hills Bank and Trust Company

Business Detail

Business Type

Corporation

NAICS

453998

Borrower Location

SOLON, IA

Project Location

SOLON, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.