# PPP loan: HAMMER INC
> **$1.02M** approved 04/04/2020 · Paid in Full · Loan `4614677010`
## Borrower
- **Name:** HAMMER INC
- **Address:** 1801 2nd Avenue, DES MOINES, IA, 50314-3606
- **NAICS:** 423450
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $762K
- **Rent:** $85K
- **Mortgage interest:** $85K
- **Utilities:** $85K
- **Jobs reported:** 103
## 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*