BILL LANE CONSTRUCTION, INC. (IA) - 2020 PPP Loan Borrower Profile (# 7325897210)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BILL LANE CONSTRUCTION, 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

7325897210

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$262,700

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$264,385.66

Date Loan was Forgiven

Dec 22, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

262,700

Lender

Farmers & Merchants Savings Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

236220

Borrower Location

CEDAR RAPIDS, IA

Project Location

CEDAR RAPIDS, IA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.