# PPP loan: CONVEYOR ENG. & MFG. CO.
> **$1.08M** approved 03/12/2021 · Paid in Full · Loan `9091858505`
## Borrower
- **Name:** CONVEYOR ENG. & MFG. CO.
- **Address:** 1345 76th Ave SW, Cedar Rapids, IA, 52404-7038
- **NAICS:** 333111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 03/30/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.08M
- **Jobs reported:** 65
## Lender
- **Originating:** Cedar Rapids Bank and Trust Company
- **Servicing:** Cedar Rapids 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*