# PPP loan: EAST IOWA MACHINE COMPANY, LLC
> **$2.20M** approved 04/09/2020 · Paid in Full · Loan `9580057005`
## Borrower
- **Name:** EAST IOWA MACHINE COMPANY, LLC
- **Address:** 800 Drill Point Drive, FARLEY, IA, 52046-9704
- **NAICS:** 332710
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.20M
- **Initial approval:** $2.20M
- **Forgiven:** $2.22M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.65M
- **Rent:** $137K
- **Mortgage interest:** $137K
- **Utilities:** $137K
- **Jobs reported:** 154
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*