# PPP loan: WAS BROKEN PALLET COMPANY, INC.
> **$207K** approved 04/14/2020 · Paid in Full · Loan `5882967102`
## Borrower
- **Name:** WAS BROKEN PALLET COMPANY, INC.
- **Address:** 625 2nd St  PO BOX 157, MOORLAND, IA, 50566-0157
- **NAICS:** 321920
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $209K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $184K
- **Rent:** $20K
- **Utilities:** $3K
- **Jobs reported:** 30
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*