# PPP loan: FARMERS ELEVATOR & EXCHANGE INC
> **$235K** approved 01/28/2021 · Paid in Full · Loan `7363208308`
## Borrower
- **Name:** FARMERS ELEVATOR & EXCHANGE INC
- **Address:** 105 Highway 61 N, Wapello, IA, 52653-1337
- **NAICS:** 493130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $235K
- **Initial approval:** $235K
- **Forgiven:** $236K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $235K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Mediapolis Savings Bank
- **Servicing:** Mediapolis Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*