# PPP loan: IOWA DISTRIBUTION SERVICES INC
> **$369K** approved 04/09/2020 · Paid in Full · Loan `9457507003`
## Borrower
- **Name:** IOWA DISTRIBUTION SERVICES INC
- **Address:** 420 50TH AVENUE CT SW, CEDAR RAPIDS, IA, 52404-4410
- **NAICS:** 485999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $369K
- **Initial approval:** $369K
- **Forgiven:** $373K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $369K
- **Jobs reported:** 34
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*