# PPP loan: KRAGEN INC.
> **$399K** approved 02/03/2021 · Paid in Full · Loan `2257848403`
## Borrower
- **Name:** KRAGEN INC.
- **Address:** 935 Boyson Ct Ste A, Hiawatha, IA, 52233-1219
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $399K
- **Initial approval:** $399K
- **Forgiven:** $402K (101%)
- **Forgiveness date:** 10/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $399K
- **Utilities:** $1
- **Jobs reported:** 76
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*