# PPP loan: IOWA CAPITAL 1 LLC
> **$302K** approved 04/04/2020 · Paid in Full · Loan `4960957003`
## Borrower
- **Name:** IOWA CAPITAL 1 LLC
- **Address:** 4407 124th Street, CHIPPEWA FALLS, WI, 54729-5089
- **NAICS:** 531110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $302K
- **Initial approval:** $302K
- **Forgiven:** $305K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $262K
- **Mortgage interest:** $30K
- **Utilities:** $10K
- **Jobs reported:** 36
## Lender
- **Originating:** Citizens Community Federal National Association
- **Servicing:** Citizens Community Federal National Association (WI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*