# PPP loan: JOCHUM AGRI-SERVICE, INC.
> **$324K** approved 04/08/2020 · Paid in Full · Loan `8070137000`
## Borrower
- **Name:** JOCHUM AGRI-SERVICE, INC.
- **Address:** 2498 CARROLL AVE, SALIX, IA, 51052-8097
- **NAICS:** 424590
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $161K
- **Forgiven:** $327K (101%)
- **Forgiveness date:** 03/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $259K
- **Rent:** $32K
- **Utilities:** $32K
- **Jobs reported:** 13
## Lender
- **Originating:** Sloan State Bank
- **Servicing:** Sloan State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*