# PPP loan: SADLER POWER TRAIN INC.
> **$1.29M** approved 04/07/2020 · Paid in Full · Loan `7408947000`
## Borrower
- **Name:** SADLER POWER TRAIN INC.
- **Address:** 2150 Sadler Drive, CEDAR RAPIDS, IA, 52404-1292
- **NAICS:** 423120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.29M
- **Initial approval:** $1.29M
- **Forgiven:** $1.30M (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.29M
- **Jobs reported:** 100
## Lender
- **Originating:** Cedar Rapids Bank and Trust Company
- **Servicing:** Cedar Rapids Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*