# PPP loan: JOHNSTON AUTO AND IND OR SPENCER IA, INC.
> **$665K** approved 04/03/2020 · Paid in Full · Loan `4474537000`
## Borrower
- **Name:** JOHNSTON AUTO AND IND OR SPENCER IA, INC.
- **Address:** 500 37th Ave W PO Box 107, SPENCER, IA, 51301-7631
- **NAICS:** 441310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $665K
- **Initial approval:** $665K
- **Forgiven:** $669K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $532K
- **Rent:** $66K
- **Mortgage interest:** $33K
- **Utilities:** $33K
- **Jobs reported:** 140
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*