# PPP loan: LINCOLNWAY ENERGY LLC
> **$506K** approved 04/07/2020 · Paid in Full · Loan `6549447002`
## Borrower
- **Name:** LINCOLNWAY ENERGY LLC
- **Address:** 59511 LINCOLN HWY, NEVADA, IA, 50201-7992
- **NAICS:** 325193
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $511K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $380K
- **Rent:** $50K
- **Utilities:** $76K
- **Jobs reported:** 35
## Lender
- **Originating:** First National Bank Ames, Iowa
- **Servicing:** First National Bank Ames, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*