# PPP loan: IOWA DRAINAGE, INC.
> **$193K** approved 04/07/2020 · Paid in Full · Loan `7027237006`
## Borrower
- **Name:** IOWA DRAINAGE, INC.
- **Address:** 1602 250th Street, SHEFFIELD, IA, 50475-7710
- **NAICS:** 115112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $195K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Rent:** $10K
- **Utilities:** $5K
- **Health care:** $13K
- **Jobs reported:** 17
## Lender
- **Originating:** First Bank Hampton
- **Servicing:** First Bank Hampton (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*