# PPP loan: NORTHERN SOLUTIONS, INC.
> **$198K** approved 04/06/2020 · Paid in Full · Loan `5625177002`
## Borrower
- **Name:** NORTHERN SOLUTIONS, INC.
- **Address:** 97 COMMERCIAL DR, IOWA CITY, IA, 52246-5800
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 11/13/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Jobs reported:** 16
## Lender
- **Originating:** Farmers & Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*