# PPP loan: IEC HOTEL CORPORATION
> **$1.19M** approved 04/15/2020 · Paid in Full · Loan `9577197109`
## Borrower
- **Name:** IEC HOTEL CORPORATION
- **Address:** 5000 Westown Parkway #400, WEST DES MOINES, IA, 50266
- **NAICS:** 721110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.19M
- **Initial approval:** $1.19M
- **Forgiven:** $1.20M (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.19M
- **Jobs reported:** 150
## Lender
- **Originating:** First Interstate Bank
- **Servicing:** First Interstate Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*