# PPP loan: STUTSMAN LOGISTICS, INC.
> **$220K** approved 04/08/2020 · Paid in Full · Loan `8025457003`
## Borrower
- **Name:** STUTSMAN LOGISTICS, INC.
- **Address:** 645 32ND AVE SW STE B, CEDAR RAPIDS, IA, 52404-3907
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Jobs reported:** 15
## Lender
- **Originating:** Hills Bank and Trust Company
- **Servicing:** Hills Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*