# PPP loan: SWARTZROCK IMPLEMENT CO., INC
> **$169K** approved 04/06/2020 · Paid in Full · Loan `5885147000`
## Borrower
- **Name:** SWARTZROCK IMPLEMENT CO., INC
- **Address:** 2192 Old Hwy Rd, CHARLES CITY, IA, 50616
- **NAICS:** 444210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $169K
- **Initial approval:** $169K
- **Forgiven:** $170K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $135K
- **Rent:** $17K
- **Utilities:** $17K
- **Jobs reported:** 16
## 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*