# PPP loan: NELSON CONSTRUCTION SERVICES CO.
> **$459K** approved 04/05/2020 · Paid in Full · Loan `5275487000`
## Borrower
- **Name:** NELSON CONSTRUCTION SERVICES CO.
- **Address:** 218 6TH AVE #200, DES MOINES, IA, 50309-4003
- **NAICS:** 561110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $459K
- **Initial approval:** $459K
- **Forgiven:** $461K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $409K
- **Rent:** $25K
- **Health care:** $25K
- **Jobs reported:** 24
## Lender
- **Originating:** Freedom Financial Bank
- **Servicing:** Freedom Financial Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*