# PPP loan: DIVERSIFIED MANUFACTURING, INC
> **$228K** approved 04/04/2020 · Paid in Full · Loan `5024847007`
## Borrower
- **Name:** DIVERSIFIED MANUFACTURING, INC
- **Address:** 501 RICHINGS ST, CHARLES CITY, IA, 50616-1838
- **NAICS:** 332919
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $171K
- **Rent:** $19K
- **Mortgage interest:** $19K
- **Utilities:** $19K
- **Jobs reported:** 19
## Lender
- **Originating:** First Citizens Bank
- **Servicing:** First Citizens Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*