# PPP loan: RELIABLE MACHINE AND MANUFACTURING COMPANY
> **$306K** approved 04/29/2020 · Paid in Full · Loan `2965717306`
## Borrower
- **Name:** RELIABLE MACHINE AND MANUFACTURING COMPANY
- **Address:** 735 KACENA RD, HIAWATHA, IA, 52233-1291
- **NAICS:** 454390
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $306K
- **Initial approval:** $306K
- **Forgiven:** $310K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Rent:** $10K
- **Utilities:** $16K
- **Jobs reported:** 25
## 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*