# PPP loan: IOWA STEEL MASTERS LLC
> **$161K** approved 04/05/2020 · Paid in Full · Loan `5108057003`
## Borrower
- **Name:** IOWA STEEL MASTERS LLC
- **Address:** 1792 30th Street, ACKLEY, IA, 50601-8565
- **NAICS:** 331221
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $121K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Jobs reported:** 9
## Lender
- **Originating:** GNB Bank
- **Servicing:** GNB Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*