# PPP loan: IOWA BEVERAGE SYSTEMS, INC.
> **$3.40M** approved 04/07/2020 · Paid in Full · Loan `7639817004`
## Borrower
- **Name:** IOWA BEVERAGE SYSTEMS, INC.
- **Address:** 2115 NE 58TH AVE, DES MOINES, IA, 50313-1633
- **NAICS:** 424820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.40M
- **Initial approval:** $3.40M
- **Forgiven:** $3.44M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.55M
- **Rent:** $851K
- **Jobs reported:** 315
## Lender
- **Originating:** Bank Iowa
- **Servicing:** Bank Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*