# PPP loan: SWARTZROCK IMPLEMENT INC
> **$198K** approved 01/25/2021 · Paid in Full · Loan `5809458309`
## Borrower
- **Name:** SWARTZROCK IMPLEMENT INC
- **Address:** 2192 Old Highway Rd, Charles City, IA, 50616-8901
- **NAICS:** 423820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $199K (100%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $198K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** First Security Bank & Trust Company
- **Servicing:** First Security Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*