# PPP loan: WELLMAN PRODUCE CO
> **$240K** approved 04/07/2020 · Paid in Full · Loan `6533897003`
## Borrower
- **Name:** WELLMAN PRODUCE CO
- **Address:** 1000 6th St, WELLMAN, IA, 52356-0175
- **NAICS:** 424510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $242K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 23
## Lender
- **Originating:** CBI Bank & Trust
- **Servicing:** CBI Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*