# PPP loan: CARROLL DISTRIBUTING AND CONSTRUCTION SUPPLY ESOP
> **$3.90M** approved 04/13/2020 · Paid in Full · Loan `5382047101`
## Borrower
- **Name:** CARROLL DISTRIBUTING AND CONSTRUCTION SUPPLY ESOP
- **Address:** 207 W 2nd Street, Suite 3, OTTUMWA, IA, 52501-2504
- **NAICS:** 423810
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.90M
- **Initial approval:** $3.90M
- **Forgiven:** $3.94M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.90M
- **Jobs reported:** 316
## Lender
- **Originating:** Cedar Rapids Bank and Trust Company
- **Servicing:** Cedar Rapids Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*