AXIAL INDUSTRIES, LTD. (IA) - 2020 PPP Loan Borrower Profile (# 3843568105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AXIAL INDUSTRIES, LTD.. 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

3843568105

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$227,000

Date Loan was Approved

Jul 15, 2020

Amount Forgiven

$227,783.62

Date Loan was Forgiven

Nov 23, 2020

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

2,930

Payroll Proced

211,970

Rent Proceed

12,100

Lender

Farmers & Merchants Savings Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

423840

Borrower Location

Iowa City, IA

Project Location

Iowa City, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.