# PPP loan: MATTHEWS DISTRIBUTING CO. OF IOWA, INC.
> **$250K** approved 04/11/2020 · Paid in Full · Loan `2971067101`
## Borrower
- **Name:** MATTHEWS DISTRIBUTING CO. OF IOWA, INC.
- **Address:** 2459 Kerper Blvd, Dubuque, IA, 52001-2246
- **NAICS:** 424810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $231K
- **Rent:** $13K
- **Utilities:** $6K
- **Jobs reported:** 24
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*