# PPP loan: CLAPSADDLE-GARBER ASSOCIATES INC
> **$840K** approved 04/04/2020 · Paid in Full · Loan `4689617008`
## Borrower
- **Name:** CLAPSADDLE-GARBER ASSOCIATES INC
- **Address:** 16 E MAIN, MARSHALLTOWN, IA, 50158-4932
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $840K
- **Initial approval:** $840K
- **Forgiven:** $847K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $630K
- **Rent:** $210K
- **Jobs reported:** 55
## 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*