# PPP loan: MOVIN IRON, INC.
> **$214K** approved 04/05/2020 · Paid in Full · Loan `5588237007`
## Borrower
- **Name:** MOVIN IRON, INC.
- **Address:** 828 KENNEDY STREET, RED BAY, AL, 35582-3674
- **NAICS:** 484121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $214K
- **Initial approval:** $214K
- **Forgiven:** $216K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $171K
- **Rent:** $21K
- **Mortgage interest:** $21K
- **Jobs reported:** 20
## Lender
- **Originating:** Community Spirit Bank
- **Servicing:** Community Spirit Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*