# PPP loan: KUNAU IMPLEMENT CO.
> **$611K** approved 04/03/2020 · Paid in Full · Loan `4350157002`
## Borrower
- **Name:** KUNAU IMPLEMENT CO.
- **Address:** 420 WHITE ST, PRESTON, IA, 52069-9570
- **NAICS:** 423820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $611K
- **Initial approval:** $611K
- **Forgiven:** $614K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $458K
- **Mortgage interest:** $127K
- **Utilities:** $26K
- **Jobs reported:** 47
## Lender
- **Originating:** The Clinton National Bank
- **Servicing:** The Clinton National Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*