# PPP loan: KT INDUSTRIES, INC.
> **$444K** approved 04/05/2020 · Paid in Full · Loan `5467787001`
## Borrower
- **Name:** KT INDUSTRIES, INC.
- **Address:** 3112 NORTHWEST BLVD, SHELDON, IA, 51201-7538
- **NAICS:** 423710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $444K
- **Initial approval:** $444K
- **Forgiven:** $447K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $391K
- **Rent:** $20K
- **Utilities:** $2K
- **Health care:** $30K
- **Jobs reported:** 36
## Lender
- **Originating:** Citizens State Bank
- **Servicing:** Citizens State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*