# PPP loan: AMERICAN HANDLING SYSTEMS, INC
> **$688K** approved 04/07/2020 · Paid in Full · Loan `7646477007`
## Borrower
- **Name:** AMERICAN HANDLING SYSTEMS, INC
- **Address:** 191 NORTH RUSH LAKE RD, LAURENS, IA, 50554-1250
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $688K
- **Initial approval:** $688K
- **Forgiven:** $695K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $535K
- **Utilities:** $16K
- **Health care:** $92K
- **Debt interest:** $45K
- **Jobs reported:** 51
## Lender
- **Originating:** Community State Bank
- **Servicing:** Community State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*