# PPP loan: AXIAL INDUSTRIES, LTD.
> **$227K** approved 07/15/2020 · Paid in Full · Loan `3843568105`
## Borrower
- **Name:** AXIAL INDUSTRIES, LTD.
- **Address:** 4192 Alyssa Court SW, Iowa City, IA, 52240
- **NAICS:** 423840
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $228K (100%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $212K
- **Rent:** $12K
- **Utilities:** $3K
- **Jobs reported:** 10
## Lender
- **Originating:** Farmers & Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*