BLACK HAWK ELECTRICAL CO. (IA) - 2020 PPP Loan Borrower Profile (# 8035978409)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BLACK HAWK ELECTRICAL 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

8035978409

SBA Office Code

0736

Processing Method

PPS

Curent Loan Amount

$454,212

Date Loan was Approved

Feb 12, 2021

Amount Forgiven

$457,366.25

Date Loan was Forgiven

Oct 26, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

454,211

Lender

First Security State Bank

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

Waterloo, IA

Project Location

Waterloo, IA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.