# PPP loan: BIG TEN UNIVERSITY TOWING INC
> **$212K** approved 04/07/2020 · Paid in Full · Loan `7521137006`
## Borrower
- **Name:** BIG TEN UNIVERSITY TOWING INC
- **Address:** 3309 Highway 1 SW, IOWA CITY, IA, 52240
- **NAICS:** 488410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $215K (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Rent:** $13K
- **Mortgage interest:** $13K
- **Utilities:** $13K
- **Health care:** $13K
- **Jobs reported:** 24
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*