ADAMS THERMAL SYSTEMS INC. (SD) - 2020 PPP Loan Borrower Profile (# 2243298610)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAMS THERMAL SYSTEMS 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 South Dakota.

Loan Detail

Loan Number

2243298610

SBA Office Code

0876

Processing Method

PPS

Curent Loan Amount

$2,000,000

Date Loan was Approved

Mar 13, 2021

Amount Forgiven

$2,011,616.44

Date Loan was Forgiven

Oct 14, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

1,999,999

Lender

American State Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

336390

Borrower Location

Canton, SD

Project Location

Canton, SD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

200

Business Age Description

Existing or more than 2 years old

Data Source: SBA.