# PPP loan: SBEMCO INTERNATIONAL, INC.
> **$327K** approved 01/16/2021 · Paid in Full · Loan `1005378305`
## Borrower
- **Name:** SBEMCO INTERNATIONAL, INC.
- **Address:** 715 N Finn Dr, Algona, IA, 50511-2226
- **NAICS:** 314110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $329K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $327K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Iowa State Bank
- **Servicing:** Iowa State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*