AUTOMED, INC. (IA) - 2020 PPP Loan Borrower Profile (# 7031417004)

Updated on April 18, 2025.

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

7031417004

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$86,402

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$87,457.76

Date Loan was Forgiven

Jul 13, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

86,402

Lender

First Business Bank

Business Detail

Business Type

Corporation

NAICS

115210

Borrower Location

HUXLEY, IA

Project Location

HUXLEY, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.