# PPP loan: FARM EQUIPMENT DEALER SERVICE, INC.
> **$205K** approved 04/05/2020 · Paid in Full · Loan `5314207001`
## Borrower
- **Name:** FARM EQUIPMENT DEALER SERVICE, INC.
- **Address:** 8330 54TH AVE, JOHNSTON, IA, 50131-2841
- **NAICS:** 926140
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $190K
- **Rent:** $10K
- **Utilities:** $5K
- **Jobs reported:** 11
## 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*