# PPP loan: CLAUSEN SUPPLY OF IOWA, INC.
> **$245K** approved 04/06/2020 · Paid in Full · Loan `5707237000`
## Borrower
- **Name:** CLAUSEN SUPPLY OF IOWA, INC.
- **Address:** 1219 S. 2nd Street, CLINTON, IA, 52732-5742
- **NAICS:** 423730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $325K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $196K
- **Rent:** $25K
- **Utilities:** $25K
- **Jobs reported:** 23
## Lender
- **Originating:** First Central State Bank
- **Servicing:** First Central State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*