# PPP loan: MASON CITY RECYCLING CENTER
> **$205K** approved 04/06/2020 · Paid in Full · Loan `6016337001`
## Borrower
- **Name:** MASON CITY RECYCLING CENTER
- **Address:** 16615 245th ST, MASON CITY, IA, 50401-8904
- **NAICS:** 423930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $207K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $154K
- **Rent:** $30K
- **Utilities:** $10K
- **Debt interest:** $11K
- **Jobs reported:** 17
## Lender
- **Originating:** First Citizens Bank
- **Servicing:** First Citizens Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*