# PPP loan: IOWA CITY BROADCASTING COMPANY INC.
> **$451K** approved 01/21/2021 · Paid in Full · Loan `2945518304`
## Borrower
- **Name:** IOWA CITY BROADCASTING COMPANY INC.
- **Address:** 5100 W 36th St, Minneapolis, MN, 55416-2654
- **NAICS:** 515112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $451K
- **Initial approval:** $451K
- **Forgiven:** $454K (101%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $451K
- **Utilities:** $1
- **Jobs reported:** 73
## Lender
- **Originating:** Cornerstone Bank
- **Servicing:** Cornerstone Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*