# PPP loan: BANCROFT IMPLEMENT INC
> **$1.90M** approved 04/04/2020 · Paid in Full · Loan `4698237003`
## Borrower
- **Name:** BANCROFT IMPLEMENT INC
- **Address:** 312 W Ramsey St, BANCROFT, IA, 50517-8076
- **NAICS:** 423820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.90M
- **Initial approval:** $1.90M
- **Forgiven:** $1.92M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.90M
- **Jobs reported:** 162
## Lender
- **Originating:** NSB Bank
- **Servicing:** NSB Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*