# PPP loan: HAYEK, MORELAND, SMITH & BERGUS, LLP
> **$224K** approved 04/08/2020 · Paid in Full · Loan `7812277002`
## Borrower
- **Name:** HAYEK, MORELAND, SMITH & BERGUS, LLP
- **Address:** 120 E Washington St, IOWA CITY, IA, 52240-3924
- **NAICS:** 541110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 03/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $189K
- **Rent:** $11K
- **Mortgage interest:** $20K
- **Utilities:** $4K
- **Jobs reported:** 15
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*