# PPP loan: BOVARD STUDIO, INC.
> **$381K** approved 04/08/2020 · Paid in Full · Loan `7781337003`
## Borrower
- **Name:** BOVARD STUDIO, INC.
- **Address:** 2281 BUSINESS 34, FAIRFIELD, IA, 52556-8403
- **NAICS:** 238150
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $381K
- **Initial approval:** $381K
- **Forgiven:** $383K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $305K
- **Mortgage interest:** $10K
- **Utilities:** $30K
- **Health care:** $26K
- **Debt interest:** $10K
- **Jobs reported:** 42
## Lender
- **Originating:** Iowa State Bank and Trust Company of Fairfield, Iowa
- **Servicing:** Iowa State Bank and Trust Company of Fairfield, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*