BRUCE LORENZEN (IA) - 2020 PPP Loan Borrower Profile (# 7090187203)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BRUCE LORENZEN. 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

7090187203

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$20,800

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$20,926.51

Date Loan was Forgiven

Dec 8, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

800

Payroll Proced

16,600

Mortgage Interest Proceed

3,400

Lender

United Bank of Iowa

Business Detail

Business Type

Self-Employed Individuals

NAICS

111150

Borrower Location

Arthur, IA

Project Location

Arthur, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.