# PPP loan: IOWA METAL SPINNERS, INC.
> **$680K** approved 01/16/2021 · Paid in Full · Loan `1032888300`
## Borrower
- **Name:** IOWA METAL SPINNERS, INC.
- **Address:** 7314 Chancellor Dr, Cedar Falls, IA, 50613-6970
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $680K
- **Initial approval:** $680K
- **Forgiven:** $683K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $680K
- **Jobs reported:** 68
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*