# PPP loan: GREGS LAWN SERVICE, INC
> **$503K** approved 04/04/2020 · Paid in Full · Loan `4679777006`
## Borrower
- **Name:** GREGS LAWN SERVICE, INC
- **Address:** 1200 CONTINENTAL PL, CEDAR RAPIDS, IA, 52402-2031
- **NAICS:** 561730
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $503K
- **Initial approval:** $503K
- **Forgiven:** $509K (101%)
- **Forgiveness date:** 06/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $423K
- **Rent:** $50K
- **Utilities:** $10K
- **Debt interest:** $20K
- **Jobs reported:** 79
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*