# PPP loan: C. W. SUTER & SON, INC. AND EL
> **$1.83M** approved 04/04/2020 · Paid in Full · Loan `4945777010`
## Borrower
- **Name:** C. W. SUTER & SON, INC. AND EL
- **Address:** 1800 11TH ST, SIOUX CITY, IA, 51101-2030
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.83M
- **Initial approval:** $1.83M
- **Forgiven:** $1.84M (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.60M
- **Mortgage interest:** $200K
- **Utilities:** $26K
- **Jobs reported:** 132
## Lender
- **Originating:** Central Bank
- **Servicing:** Central Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*