# PPP loan: AGRI DRAIN CORP.
> **$446K** approved 04/04/2020 · Paid in Full · Loan `4985227003`
## Borrower
- **Name:** AGRI DRAIN CORP.
- **Address:** 1462 340th St PO Box 458, ADAIR, IA, 50002-8578
- **NAICS:** 332911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $446K
- **Initial approval:** $446K
- **Forgiven:** $450K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $365K
- **Rent:** $31K
- **Utilities:** $8K
- **Health care:** $42K
- **Jobs reported:** 41
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*