# PPP loan: REES ASSOCIATES, INC.
> **$816K** approved 04/13/2020 · Paid in Full · Loan `5062827100`
## Borrower
- **Name:** REES ASSOCIATES, INC.
- **Address:** 1800 SW 2ND ST, DES MOINES, IA, 50315-7147
- **NAICS:** 541860
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $816K
- **Initial approval:** $816K
- **Forgiven:** $821K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $816K
- **Jobs reported:** 132
## Lender
- **Originating:** Two Rivers Bank & Trust
- **Servicing:** Two Rivers Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*