# PPP loan: NEW BALANCE COMMODITIES, INC.
> **$483K** approved 04/04/2020 · Paid in Full · Loan `4820047010`
## Borrower
- **Name:** NEW BALANCE COMMODITIES, INC.
- **Address:** 2320 BIRCH AVE, NODAWAY, IA, 50857-7519
- **NAICS:** 311119
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $483K
- **Initial approval:** $483K
- **Forgiven:** $487K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $447K
- **Rent:** $18K
- **Utilities:** $14K
- **Debt interest:** $4K
- **Jobs reported:** 25
## Lender
- **Originating:** Bank Iowa
- **Servicing:** Bank Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*