# PPP loan: ALEWELT CONCRETE INC.
> **$453K** approved 01/20/2021 · Paid in Full · Loan `2272008309`
## Borrower
- **Name:** ALEWELT CONCRETE INC.
- **Address:** 18358 Highway D20, Alden, IA, 50006-8073
- **NAICS:** 238110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $453K
- **Initial approval:** $453K
- **Forgiven:** $458K (101%)
- **Forgiveness date:** 02/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $453K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Carrollton Bank
- **Servicing:** Carrollton Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*