# PPP loan: EMBARKIT, INC
> **$198K** approved 04/09/2020 · Paid in Full · Loan `9107277006`
## Borrower
- **Name:** EMBARKIT, INC
- **Address:** 1854 fuller rd, WEST DES MOINES, IA, 50265-5526
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $149K
- **Mortgage interest:** $25K
- **Utilities:** $25K
- **Jobs reported:** 17
## Lender
- **Originating:** First National Bank Ames, Iowa
- **Servicing:** First National Bank Ames, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*