# PPP loan: PROGRESS INDUSTRIES
> **$1.70M** approved 04/09/2020 · Paid in Full · Loan `9257737008`
## Borrower
- **Name:** PROGRESS INDUSTRIES
- **Address:** 202 N 3RD AVE W, NEWTON, IA, 50208-3037
- **NAICS:** 923120
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $1.70M
- **Forgiven:** $1.71M (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.70M
- **Jobs reported:** 223
## Lender
- **Originating:** FNNB Bank
- **Servicing:** FNNB Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*