# PPP loan: FMCC
> **$158K** approved 04/03/2020 · Paid in Full · Loan `4551877002`
## Borrower
- **Name:** FMCC
- **Address:** 551 s. MONROE AVE, MASON CITY, IA, 50401-3831
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $118K
- **Utilities:** $10K
- **Debt interest:** $29K
- **Jobs reported:** 33
## Lender
- **Originating:** First Citizens Bank
- **Servicing:** First Citizens Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*