# PPP loan: ADA ENTERPRISES, INC
> **$277K** approved 04/04/2020 · Paid in Full · Loan `4889987008`
## Borrower
- **Name:** ADA ENTERPRISES, INC
- **Address:** 305 ENTERPRISE DR, NORTHWOOD, IA, 50459-1747
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $277K
- **Initial approval:** $277K
- **Forgiven:** $279K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Mortgage interest:** $15K
- **Utilities:** $40K
- **Jobs reported:** 30
## Lender
- **Originating:** Clear Lake Bank & Trust Company
- **Servicing:** Clear Lake Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*