# PPP loan: KRIEGER MOTOR COMPANY
> **$1.12M** approved 04/06/2020 · Paid in Full · Loan `6071607002`
## Borrower
- **Name:** KRIEGER MOTOR COMPANY
- **Address:** 3205 N  HIGHWAY 61, MUSCATINE, IA, 52761-5822
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $896K
- **Mortgage interest:** $112K
- **Utilities:** $112K
- **Jobs reported:** 100
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*