# PPP loan: KEMNA MOTOR COMPANY
> **$426K** approved 04/03/2020 · Paid in Full · Loan `4345407000`
## Borrower
- **Name:** KEMNA MOTOR COMPANY
- **Address:** 617 HIGHWAY 18 W, ALGONA, IA, 50511-7231
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $431K (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $426K
- **Jobs reported:** 30
## Lender
- **Originating:** Bank Midwest
- **Servicing:** Bank Midwest (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*