# PPP loan: THE SHADY REST, INC.
> **$401K** approved 04/04/2020 · Paid in Full · Loan `4617657010`
## Borrower
- **Name:** THE SHADY REST, INC.
- **Address:** 701 JOHNSON ST, CASCADE, IA, 52033-7747
- **NAICS:** 621999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $401K
- **Initial approval:** $350K
- **Forgiven:** $404K (101%)
- **Forgiveness date:** 11/13/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $331K
- **Utilities:** $10K
- **Health care:** $60K
- **Jobs reported:** 60
## Lender
- **Originating:** Ohnward Bank & Trust
- **Servicing:** Ohnward Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*