# PPP loan: PACKAGING DISTRIBUTION SERVICES INC
> **$925K** approved 04/06/2020 · Paid in Full · Loan `5816467009`
## Borrower
- **Name:** PACKAGING DISTRIBUTION SERVICES INC
- **Address:** 2308 Sunset Road, DES MOINES, IA, 50321-1141
- **NAICS:** 424130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $925K
- **Initial approval:** $925K
- **Forgiven:** $931K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $665K
- **Rent:** $124K
- **Mortgage interest:** $9K
- **Utilities:** $20K
- **Health care:** $76K
- **Debt interest:** $31K
- **Jobs reported:** 57
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*