BIG RIVER EQUIPMENT CO (IA) - 2020 PPP Loan Borrower Profile (# 3048817701)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BIG RIVER EQUIPMENT CO. 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

3048817701

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$548,750

Date Loan was Approved

May 1, 2020

Amount Forgiven

$552,723.56

Date Loan was Forgiven

Jan 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

491,750

Health Care Proceed

57,000

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

423830

Borrower Location

BETTENDORF, IA

Project Location

BETTENDORF, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.