BINNS & STEVENS EXPLOSIVES, INC. (IA) - 2020 PPP Loan Borrower Profile (# 3969777108)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BINNS & STEVENS EXPLOSIVES, 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

3969777108

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$288,600

Date Loan was Approved

Apr 12, 2020

Amount Forgiven

$290,836.65

Date Loan was Forgiven

Jan 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

18,037.5

Payroll Proced

216,450

Mortgage Interest Proceed

18,037.5

Rent Proceed

18,037.5

Health Care Proceed

18,037.5

Lender

MidWestOne Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

325920

Borrower Location

OSKALOOSA, IA

Project Location

OSKALOOSA, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.