# PPP loan: OTTUMWA DEVELOPMENT, INC.
> **$434K** approved 04/08/2020 · Paid in Full · Loan `7845227005`
## Borrower
- **Name:** OTTUMWA DEVELOPMENT, INC.
- **Address:** 3 Pennsylvania Place, OTTUMWA, IA, 52501-2165
- **NAICS:** 623110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $434K
- **Initial approval:** $434K
- **Forgiven:** $437K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $434K
- **Jobs reported:** 57
## Lender
- **Originating:** South Ottumwa Savings Bank
- **Servicing:** South Ottumwa Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*