# PPP loan: REES ASSOCIATES INC.
> **$817K** approved 01/27/2021 · Paid in Full · Loan `6930408301`
## Borrower
- **Name:** REES ASSOCIATES INC.
- **Address:** 1800 SW 2nd St, Des Moines, IA, 50315-7147
- **NAICS:** 541860
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $817K
- **Initial approval:** $817K
- **Forgiven:** $822K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $817K
- **Utilities:** $1
- **Jobs reported:** 111
## Lender
- **Originating:** Two Rivers Bank & Trust
- **Servicing:** Two Rivers Bank & Trust (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*