BASCOM TRUCK & AUTOMOTIVE, INC. (IA) - 2020 PPP Loan Borrower Profile (# 5257157307)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BASCOM TRUCK & AUTOMOTIVE, 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

5257157307

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$508,319

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$513,472.79

Date Loan was Forgiven

May 6, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

508,319

Lender

BMO Bank National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

811111

Borrower Location

Des Moines, IA

Project Location

Des Moines, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.