# PPP loan: BALDOR INDUSTRIAL SOLUTIONS, INC.
> **$330K** approved 05/01/2020 · Paid in Full · Loan `8105307701`
## Borrower
- **Name:** BALDOR INDUSTRIAL SOLUTIONS, INC.
- **Address:** 6243 INDUSTRY DR NE, DES MOINES, IA, 50313
- **NAICS:** 335312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $330K
- **Initial approval:** $330K
- **Forgiven:** $332K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $330K
- **Jobs reported:** 27
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*