# PPP loan: KRAGEN, INC.
> **$285K** approved 04/04/2020 · Paid in Full · Loan `4828897001`
## Borrower
- **Name:** KRAGEN, INC.
- **Address:** 935 BOYSON CT Suite A, HIAWATHA, IA, 52233-1219
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $285K
- **Initial approval:** $285K
- **Forgiven:** $288K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $228K
- **Mortgage interest:** $29K
- **Utilities:** $28K
- **Jobs reported:** 76
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*