# PPP loan: CONTROLLED MATERIALS & EQUIPMENT TRANS.
> **$162K** approved 04/07/2020 · Paid in Full · Loan `6478117010`
## Borrower
- **Name:** CONTROLLED MATERIALS & EQUIPMENT TRANS.
- **Address:** 1201 S 6TH ST, COUNCIL BLUFFS, IA, 51501-6448
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Rent:** $15K
- **Utilities:** $2K
- **Health care:** $15K
- **Jobs reported:** 14
## 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*