# PPP loan: PROGRESSIVE FOUNDRY INC
> **$1.27M** approved 04/08/2020 · Paid in Full · Loan `7876857009`
## Borrower
- **Name:** PROGRESSIVE FOUNDRY INC
- **Address:** 1518 1ST AVE, PERRY, IA, 50220-1403
- **NAICS:** 333511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Jobs reported:** 92
## Lender
- **Originating:** Raccoon Valley Bank
- **Servicing:** Raccoon Valley Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*