# PPP loan: PADUCAH GEAR MACHINE CO. L.C.
> **$228K** approved 01/22/2021 · Paid in Full · Loan `4027308300`
## Borrower
- **Name:** PADUCAH GEAR MACHINE CO. L.C.
- **Address:** 106 NW 9th St Ste A, Ankeny, IA, 50023-1752
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $228K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Community State Bank
- **Servicing:** Community State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*