# PPP loan: WATERLOO WAREHOUSING & SERVICE
> **$1.32M** approved 04/09/2020 · Paid in Full · Loan `9063527006`
## Borrower
- **Name:** WATERLOO WAREHOUSING & SERVICE
- **Address:** 324 DURYEA ST, WATERLOO, IA, 50701-5317
- **NAICS:** 493130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.32M
- **Initial approval:** $1.32M
- **Forgiven:** $1.33M (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $913K
- **Utilities:** $233K
- **Health care:** $176K
- **Jobs reported:** 105
## Lender
- **Originating:** Lincoln Savings Bank
- **Servicing:** Lincoln Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*