# PPP loan: TRUENORTH COMPANIES LC
> **$3.90M** approved 04/11/2020 · Paid in Full · Loan `3289477108`
## Borrower
- **Name:** TRUENORTH COMPANIES LC
- **Address:** TrueNorth Companies, CEDAR RAPIDS, IA, 52401
- **NAICS:** 524210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.90M
- **Initial approval:** $3.90M
- **Forgiven:** $3.95M (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.92M
- **Rent:** $244K
- **Mortgage interest:** $244K
- **Utilities:** $244K
- **Health care:** $244K
- **Jobs reported:** 323
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*