BRADS TIRE SERVICE CENTER INC (IA) - 2020 PPP Loan Borrower Profile (# 5562607002)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to BRADS TIRE SERVICE CENTER 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
5562607002
SBA Office Code
0761
Processing Method
PPP
Curent Loan Amount
$29,996.32
Date Loan was Approved
Apr 5, 2020
Amount Forgiven
$30,265.88
Date Loan was Forgiven
Mar 9, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Payroll Proced
29,996.32
Lender
Cherokee State Bank
Business Detail
Business Type
Corporation
NAICS
811111
Borrower Location
CHEROKEE, IA
Project Location
CHEROKEE, IA
Rural/Urban
Rural
Hubzone
Yes
Labor Market Information (LMI)
No
Jobs Reported
4
Business Age Description
Existing or more than 2 years old
Data Source: SBA.