# PPP loan: MARX TRUCK TRAILER SALES, INC.
> **$227K** approved 06/03/2020 · Paid in Full · Loan `7223477800`
## Borrower
- **Name:** MARX TRUCK TRAILER SALES, INC.
- **Address:** 2411 3rd St., SIOUX CITY, IA, 51101-2201
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $228K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $209K
- **Rent:** $16K
- **Utilities:** $2K
- **Jobs reported:** 18
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*