# PPP loan: PLUMBERS SUPPLY COMPANY
> **$517K** approved 04/05/2020 · Paid in Full · Loan `5506637006`
## Borrower
- **Name:** PLUMBERS SUPPLY COMPANY
- **Address:** 72 Commercial Drive, IOWA CITY, IA, 52246-5800
- **NAICS:** 423720
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $517K
- **Initial approval:** $517K
- **Forgiven:** $520K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $388K
- **Rent:** $32K
- **Mortgage interest:** $32K
- **Utilities:** $32K
- **Health care:** $32K
- **Jobs reported:** 48
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*