# PPP loan: SMITHCO MFG. INC.
> **$1.42M** approved 02/12/2021 · Paid in Full · Loan `7494348402`
## Borrower
- **Name:** SMITHCO MFG. INC.
- **Address:** 30902 C38, Le Mars, IA, 51031-9208
- **NAICS:** 336212
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.43M (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.42M
- **Utilities:** $1
- **Jobs reported:** 110
## Lender
- **Originating:** American State Bank
- **Servicing:** American State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*