# PPP loan: IOWA ALUMINUM INC
> **$486K** approved 04/07/2020 · Paid in Full · Loan `7055227000`
## Borrower
- **Name:** IOWA ALUMINUM INC
- **Address:** 10 27TH AVE, ALBIA, IA, 52531-8595
- **NAICS:** 331313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $486K
- **Initial approval:** $486K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 02/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $486K
- **Jobs reported:** 45
## Lender
- **Originating:** Cedar Rapids Bank and Trust Company
- **Servicing:** Cedar Rapids Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*