BOONE ACE HARDWARE (IA) - 2020 PPP Loan Borrower Profile (# 4855577005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BOONE ACE HARDWARE. 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

4855577005

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$51,300

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$51,968.33

Date Loan was Forgiven

Jul 28, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

51,300

Lender

Raccoon Valley Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

444130

Borrower Location

BOONE, IA

Project Location

BOONE, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.