# PPP loan: REIF OIL COMPANY
> **$722K** approved 04/13/2020 · Paid in Full · Loan `4270367104`
## Borrower
- **Name:** REIF OIL COMPANY
- **Address:** 801 N 3RD STREET, BURLINGTON, IA, 52601-5006
- **NAICS:** 447110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $722K
- **Initial approval:** $722K
- **Forgiven:** $730K (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $541K
- **Rent:** $45K
- **Mortgage interest:** $45K
- **Utilities:** $45K
- **Health care:** $45K
- **Jobs reported:** 189
## 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*