# PPP loan: DIVERSIFIED COMPOSITES
> **$238K** approved 04/05/2020 · Paid in Full · Loan `5258197005`
## Borrower
- **Name:** DIVERSIFIED COMPOSITES
- **Address:** 208 PROSPECT ST, BLAIRSTOWN, IA, 52209-9701
- **NAICS:** 453998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $206K
- **Forgiven:** $240K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $197K
- **Rent:** $1K
- **Mortgage interest:** $5K
- **Utilities:** $20K
- **Debt interest:** $15K
- **Jobs reported:** 26
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*