BBT INC (IA) - 2020 PPP Loan Borrower Profile (# 7203057000)

Updated on April 18, 2025.

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

7203057000

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$27,000

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$27,220.5

Date Loan was Forgiven

Feb 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,375

Payroll Proced

20,250

Rent Proceed

3,375

Lender

Manufacturers Bank & Trust Company

Business Detail

Business Type

Corporation

NAICS

441310

Borrower Location

FOREST CITY, IA

Project Location

FOREST CITY, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.