# PPP loan: CHANNEL FUSION, INC.
> **$1.06M** approved 04/07/2020 · Paid in Full · Loan `7362847009`
## Borrower
- **Name:** CHANNEL FUSION, INC.
- **Address:** 1365  NORTH CENTER POINT RD, HIAWATHA, IA, 52233-1239
- **NAICS:** 541613
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.06M
- **Initial approval:** $1.06M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.06M
- **Jobs reported:** 75
## Lender
- **Originating:** Farmers & Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*