# PPP loan: EVOLUTION DRIVELINE, LLC
> **$258K** approved 04/05/2020 · Paid in Full · Loan `5110547007`
## Borrower
- **Name:** EVOLUTION DRIVELINE, LLC
- **Address:** 405 Diagonal Street, ALGONA, IA, 50511-2001
- **NAICS:** 336390
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Jobs reported:** 33
## Lender
- **Originating:** Iowa State Bank
- **Servicing:** Iowa State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*