# PPP loan: SMITH VENDING CORP
> **$295K** approved 04/06/2020 · Paid in Full · Loan `5894067002`
## Borrower
- **Name:** SMITH VENDING CORP
- **Address:** 1601 South 14th St, CLARINDA, IA, 51632-3123
- **NAICS:** 454210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $295K
- **Initial approval:** $295K
- **Forgiven:** $298K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Rent:** $45K
- **Utilities:** $6K
- **Jobs reported:** 20
## Lender
- **Originating:** PCSB Bank
- **Servicing:** PCSB Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*