# PPP loan: IRONWOOD 53, LLC
> **$168K** approved 04/04/2020 · Paid in Full · Loan `4904927000`
## Borrower
- **Name:** IRONWOOD 53, LLC
- **Address:** 2551 320th St, ROCK VALLEY, IA, 51247-7521
- **NAICS:** 454390
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $168K
- **Initial approval:** $168K
- **Forgiven:** $170K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $158K
- **Mortgage interest:** $5K
- **Utilities:** $5K
- **Jobs reported:** 19
## Lender
- **Originating:** American State Bank
- **Servicing:** American State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*