BENEFIT SOURCE, INC. (IA) - 2020 PPP Loan Borrower Profile (# 2301197106)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BENEFIT SOURCE, 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

2301197106

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$196,800

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$198,865.05

Date Loan was Forgiven

May 6, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

196,800

Lender

Bankers Trust Company

Business Detail

Business Type

Subchapter S Corporation

NAICS

524114

Borrower Location

WEST DES MOINES, IA

Project Location

WEST DES MOINES, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.