BROWN'S HEAVY EQUIPMENT, INC. (IA) - 2020 PPP Loan Borrower Profile (# 7639288105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BROWN'S HEAVY EQUIPMENT, 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

7639288105

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$254,717.5

Date Loan was Approved

Jul 23, 2020

Amount Forgiven

$255,457.23

Date Loan was Forgiven

Nov 12, 2020

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

8,500

Payroll Proced

208,117.5

Mortgage Interest Proceed

7,500

Rent Proceed

15,000

Health Care Proceed

15,600

Lender

First National Bank Ames, Iowa

Business Detail

Business Type

Subchapter S Corporation

NAICS

811310

Borrower Location

AMES, IA

Project Location

AMES, 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.