# PPP loan: LYNCH LIVESTOCK INC
> **$3.67M** approved 04/14/2020 · Paid in Full · Loan `7271607110`
## Borrower
- **Name:** LYNCH LIVESTOCK INC
- **Address:** 331 3rd Street NW, WAUCOMA, IA, 52171
- **NAICS:** 424520
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.67M
- **Initial approval:** $3.67M
- **Forgiven:** $3.73M (101%)
- **Forgiveness date:** 10/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.75M
- **Rent:** $230K
- **Mortgage interest:** $230K
- **Utilities:** $230K
- **Jobs reported:** 306
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*