# PPP loan: ECONOMY COATING SYSTEMS, INC.
> **$746K** approved 04/03/2020 · Paid in Full · Loan `4465327005`
## Borrower
- **Name:** ECONOMY COATING SYSTEMS, INC.
- **Address:** 320 21ST ST, CAMANCHE, IA, 52730-9699
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $746K
- **Initial approval:** $746K
- **Forgiven:** $752K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $559K
- **Rent:** $93K
- **Utilities:** $93K
- **Jobs reported:** 70
## Lender
- **Originating:** Citizens First Bank
- **Servicing:** Citizens First Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*