# PPP loan: PRIES ALUMINUM CO.
> **$1.57M** approved 04/04/2020 · Paid in Full · Loan `4783647002`
## Borrower
- **Name:** PRIES ALUMINUM CO.
- **Address:** 701 17TH ST, INDEPENDENCE, IA, 50644-9868
- **NAICS:** 331313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.57M
- **Initial approval:** $1.57M
- **Forgiven:** $1.59M (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.57M
- **Jobs reported:** 172
## Lender
- **Originating:** Cedar Rapids Bank and Trust Company
- **Servicing:** Cedar Rapids Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*