# PPP loan: PEARSON WALL SYSTEMS, INC.
> **$1.15M** approved 04/07/2020 · Paid in Full · Loan `7368197005`
## Borrower
- **Name:** PEARSON WALL SYSTEMS, INC.
- **Address:** 5205 18TH AVE SW, CEDAR RAPIDS, IA, 52404-1200
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $745K (65%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.15M
- **Jobs reported:** 58
## Lender
- **Originating:** Ohnward Bank & Trust
- **Servicing:** Ohnward Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*