# PPP loan: CITY OF LEMARS, IOWA
> **$3.74M** approved 04/14/2020 · Paid in Full · Loan `6378417107`
## Borrower
- **Name:** CITY OF LEMARS, IOWA
- **Address:** 40 CENTRAL AVE, LE MARS, IA, 51031-3519
- **NAICS:** 622110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.74M
- **Initial approval:** $3.74M
- **Forgiven:** $3.78M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.74M
- **Jobs reported:** 331
## 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*