# PPP loan: THE STRAUB CORPORATION
> **$262K** approved 04/05/2020 · Paid in Full · Loan `5078947008`
## Borrower
- **Name:** THE STRAUB CORPORATION
- **Address:** 2509 SUNSET RD, DES MOINES, IA, 50321-1144
- **NAICS:** 322230
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $197K
- **Rent:** $66K
- **Jobs reported:** 24
## Lender
- **Originating:** Bank Iowa
- **Servicing:** Bank Iowa (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*