# PPP loan: ALEWELT CONCRETE INC.
> **$465K** approved 04/14/2020 · Paid in Full · Loan `7425897109`
## Borrower
- **Name:** ALEWELT CONCRETE INC.
- **Address:** 18358 County Highway D20, ALDEN, IA, 50006
- **NAICS:** 238110
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $465K
- **Initial approval:** $465K
- **Forgiven:** $470K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $349K
- **Rent:** $116K
- **Jobs reported:** 37
## Lender
- **Originating:** Carrollton Bank
- **Servicing:** Carrollton Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*