# PPP loan: ALLEN BLASTING AND COATING INC
> **$1.16M** approved 04/08/2020 · Paid in Full · Loan `8567737009`
## Borrower
- **Name:** ALLEN BLASTING AND COATING INC
- **Address:** 1668 Old Highway 61, WEVER, IA, 52658
- **NAICS:** 238320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.17M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $925K
- **Rent:** $231K
- **Jobs reported:** 86
## Lender
- **Originating:** Two Rivers Bank & Trust
- **Servicing:** Two Rivers Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*