BACHMAN FARM DRAINAGE (IA) - 2020 PPP Loan Borrower Profile (# 5496117401)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BACHMAN FARM DRAINAGE. 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

5496117401

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$16,700

Date Loan was Approved

May 12, 2020

Amount Forgiven

$16,839.63

Date Loan was Forgiven

Mar 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

16,700

Lender

First Citizens Bank

Business Detail

Business Type

Sole Proprietorship

NAICS

238990

Borrower Location

NEW HAMPTON, IA

Project Location

NEW HAMPTON, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.