# PPP loan: COMMUNITY HOUSING INITIATIVES, INC.
> **$452K** approved 04/03/2020 · Exemption 4 · Loan `4449627001`
## Borrower
- **Name:** COMMUNITY HOUSING INITIATIVES, INC.
- **Address:** 14 W 21st St Box 473, SPENCER, IA, 51301-2209
- **NAICS:** 531110
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $452K
- **Initial approval:** $452K
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $429K
- **Mortgage interest:** $11K
- **Utilities:** $11K
- **Jobs reported:** 33
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*