BEAR'S INC. - OK TIRE STORES (IA) - 2020 PPP Loan Borrower Profile (# 5726017206)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BEAR'S INC. - OK TIRE STORES. 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

5726017206

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$62,683

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$63,103.75

Date Loan was Forgiven

Dec 31, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

15,670

Payroll Proced

47,013

Lender

Pinnacle Bank

Business Detail

Business Type

Corporation

NAICS

441320

Borrower Location

Tama, IA

Project Location

Tama, IA

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.