# PPP loan: GEATER MACHINING & MANUFACTURING CO.
> **$2.00M** approved 01/28/2021 · Paid in Full · Loan `7559488302`
## Borrower
- **Name:** GEATER MACHINING & MANUFACTURING CO.
- **Address:** 901 12th St NE, Independence, IA, 50644-1016
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.01M (100%)
- **Forgiveness date:** 07/12/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 232
## Lender
- **Originating:** Northeast Security Bank
- **Servicing:** Northeast Security Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*