# PPP loan: REES TRUCK & TRAILER, INC.
> **$299K** approved 04/04/2020 · Paid in Full · Loan `4809807001`
## Borrower
- **Name:** REES TRUCK & TRAILER, INC.
- **Address:** 3508 5th Ave S, FORT DODGE, IA, 50501-6500
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $299K
- **Initial approval:** $299K
- **Forgiven:** $300K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $241K
- **Rent:** $19K
- **Utilities:** $6K
- **Health care:** $34K
- **Jobs reported:** 23
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*