# PPP loan: GEONETRIC, INC.
> **$1.22M** approved 04/03/2020 · Paid in Full · Loan `4366357008`
## Borrower
- **Name:** GEONETRIC, INC.
- **Address:** 415 12TH AVE SE, CEDAR RAPIDS, IA, 52401-2449
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.22M
- **Jobs reported:** 83
## Lender
- **Originating:** Farmers & Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*