BRAKKE IMPLEMENT, INC. (IA) - 2020 PPP Loan Borrower Profile (# 4740127010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BRAKKE IMPLEMENT, 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

4740127010

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$399,400

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$401,885.16

Date Loan was Forgiven

Nov 24, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

299,550

Rent Proceed

49,925

Health Care Proceed

49,925

Lender

First Citizens Bank

Business Detail

Business Type

Corporation

NAICS

444210

Borrower Location

MASON CITY, IA

Project Location

MASON CITY, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.