# PPP loan: MAXYIELD COOPERATIVE
> **$4.18M** approved 04/04/2020 · Paid in Full · Loan `4787937003`
## Borrower
- **Name:** MAXYIELD COOPERATIVE
- **Address:** 313 3RD AVE, WEST BEND, IA, 50597-7707
- **NAICS:** 424510
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.18M
- **Initial approval:** $4.18M
- **Forgiven:** $3.48M (83%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.14M
- **Rent:** $348K
- **Utilities:** $348K
- **Debt interest:** $348K
- **Jobs reported:** 250
## Lender
- **Originating:** First Citizens Bank
- **Servicing:** First Citizens Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*