# PPP loan: WEILAND & SONS LUMBER COMPANY
> **$960K** approved 04/13/2020 · Paid in Full · Loan `4951427104`
## Borrower
- **Name:** WEILAND & SONS LUMBER COMPANY
- **Address:** 644 220th Street, WINTHROP, IA, 50682-9333
- **NAICS:** 321113
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $960K
- **Initial approval:** $960K
- **Forgiven:** $967K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $720K
- **Rent:** $60K
- **Mortgage interest:** $60K
- **Utilities:** $60K
- **Jobs reported:** 96
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*