# PPP loan: MACCORP, INC.
> **$500K** approved 04/08/2020 · Paid in Full · Loan `7672057003`
## Borrower
- **Name:** MACCORP, INC.
- **Address:** 1900 DELAWARE AVE, DES MOINES, IA, 50317-6343
- **NAICS:** 323120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Mortgage interest:** $42K
- **Utilities:** $42K
- **Health care:** $42K
- **Jobs reported:** 41
## Lender
- **Originating:** First National Bank Ames, Iowa
- **Servicing:** First National Bank Ames, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*