# PPP loan: KOCH BROTHERS, INC.
> **$580K** approved 04/08/2020 · Paid in Full · Loan `7761087003`
## Borrower
- **Name:** KOCH BROTHERS, INC.
- **Address:** 325 GRAND AVE, DES MOINES, IA, 50309-1718
- **NAICS:** 423420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $580K
- **Initial approval:** $580K
- **Forgiven:** $584K (101%)
- **Forgiveness date:** 07/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $580K
- **Jobs reported:** 57
## Lender
- **Originating:** West Bank
- **Servicing:** West Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*