# PPP loan: SOUTHWEST DISTRIBUTING COMPANY
> **$205K** approved 04/27/2020 · Paid in Full · Loan `3921257204`
## Borrower
- **Name:** SOUTHWEST DISTRIBUTING COMPANY
- **Address:** 301 INDUSTRIAL PKWY, CRESTON, IA, 50801-8102
- **NAICS:** 424810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $161K
- **Rent:** $18K
- **Mortgage interest:** $3K
- **Utilities:** $7K
- **Health care:** $16K
- **Jobs reported:** 20
## Lender
- **Originating:** Iowa State Savings Bank
- **Servicing:** Iowa State Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*