# PPP loan: HORIZON DISTRIBUTION, INC
> **$184K** approved 04/06/2020 · Paid in Full · Loan `6061297001`
## Borrower
- **Name:** HORIZON DISTRIBUTION, INC
- **Address:** 129 E CENTER ST, DES MOINES, IA, 50309
- **NAICS:** 811192
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $184K
- **Initial approval:** $184K
- **Forgiven:** $185K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Rent:** $20K
- **Utilities:** $5K
- **Health care:** $9K
- **Jobs reported:** 28
## Lender
- **Originating:** Midstates Bank, National Association
- **Servicing:** Midstates Bank, National Association (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*