# PPP loan: QUAD COUNTY CORN PROCESSORS COOPERATIVE
> **$687K** approved 04/06/2020 · Paid in Full · Loan `6107987003`
## Borrower
- **Name:** QUAD COUNTY CORN PROCESSORS COOPERATIVE
- **Address:** 100 E   3RD ST, GALVA, IA, 51020-7733
- **NAICS:** 325193
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $687K
- **Initial approval:** $687K
- **Forgiven:** $691K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $527K
- **Utilities:** $100K
- **Debt interest:** $60K
- **Jobs reported:** 44
## Lender
- **Originating:** American Bank, National Association
- **Servicing:** American Bank, National Association (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*