# PPP loan: CARUTH CONSTRUCTION IOWA, INC
> **$785K** approved 04/09/2020 · Paid in Full · Loan `9582947005`
## Borrower
- **Name:** CARUTH CONSTRUCTION IOWA, INC
- **Address:** 2232 229th Place, AMES, IA, 50014-6321
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $785K
- **Initial approval:** $785K
- **Forgiven:** $793K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Jobs reported:** 68
## 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*