BRANDT HEATING & AIR CONDITIONING CO INC (IA) - 2020 PPP Loan Borrower Profile (# 6765227000)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BRANDT HEATING & AIR CONDITIONING CO 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

6765227000

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$518,800

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$522,676.59

Date Loan was Forgiven

Jan 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

32,425

Payroll Proced

389,100

Mortgage Interest Proceed

32,425

Rent Proceed

32,425

Debt Interest Proceed

32,425

Lender

MidWestOne Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238220

Borrower Location

IOWA CITY, IA

Project Location

IOWA CITY, IA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.