# PPP loan: TERRAWORKS INC.
> **$304K** approved 04/07/2020 · Paid in Full · Loan `7162147006`
## Borrower
- **Name:** TERRAWORKS INC.
- **Address:** 570 E 900 N, BOUNTIFUL, UT, 84010-3551
- **NAICS:** 541320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $304K
- **Initial approval:** $304K
- **Forgiven:** $306K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $291K
- **Rent:** $9K
- **Utilities:** $4K
- **Jobs reported:** 30
## Lender
- **Originating:** Cache Valley Bank
- **Servicing:** Cache Valley Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*