BORMANN BROTHERS LBT (IA) - 2020 PPP Loan Borrower Profile (# 1528648509)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to BORMANN BROTHERS LBT. 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
1528648509
SBA Office Code
0761
Processing Method
PPP
Curent Loan Amount
$15,100
Date Loan was Approved
Feb 19, 2021
Amount Forgiven
$15,176.34
Date Loan was Forgiven
Aug 24, 2021
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
15,097
Lender
Northwest Bank
Business Detail
Business Type
Partnership
NAICS
111150
Borrower Location
Bode, IA
Project Location
Bode, IA
Rural/Urban
Rural
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
3
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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