# PPP loan: JENSEN INC
> **$327K** approved 04/03/2020 · Paid in Full · Loan `4513427006`
## Borrower
- **Name:** JENSEN INC
- **Address:** 2805 S CENTER ST, MARSHALLTOWN, IA, 50158-4709
- **NAICS:** 423110
- **Business type:** Subchapter S Corporation
- **Business age:** Change of Ownership
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $329K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Rent:** $82K
- **Jobs reported:** 21
## Lender
- **Originating:** GNB Bank
- **Servicing:** GNB Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*