# PPP loan: D & B AGRO-SYSTEMS, LTD
> **$505K** approved 04/07/2020 · Paid in Full · Loan `7108537004`
## Borrower
- **Name:** D & B AGRO-SYSTEMS, LTD
- **Address:** 27845 Hwy 65, HUBBARD, IA, 50122-7768
- **NAICS:** 238290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $509K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $445K
- **Rent:** $24K
- **Utilities:** $4K
- **Debt interest:** $33K
- **Jobs reported:** 42
## Lender
- **Originating:** Green Belt Bank & Trust
- **Servicing:** Green Belt Bank & Trust (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*