BMI ACQUISITION CORPORATION (IA) - 2020 PPP Loan Borrower Profile (# 7255037007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BMI ACQUISITION CORPORATION. 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

7255037007

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$141,172.5

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$142,089.26

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

18,234.5

Payroll Proced

112,938

Mortgage Interest Proceed

10,000

Lender

Two Rivers Bank and Trust

Business Detail

Business Type

Corporation

NAICS

423390

Borrower Location

FORT MADISON, IA

Project Location

FORT MADISON, IA

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.