# PPP loan: IOWA AVENUE LLC
> **$195K** approved 04/08/2020 · Paid in Full · Loan `7796647005`
## Borrower
- **Name:** IOWA AVENUE LLC
- **Address:** 127 Iowa Ave, IOWA CITY, IA, 52240-3905
- **NAICS:** 453998
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Rent:** $10K
- **Mortgage interest:** $20K
- **Utilities:** $10K
- **Jobs reported:** 35
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*