# PPP loan: KROMMINGA MOTORS, INC
> **$349K** approved 04/09/2020 · Paid in Full · Loan `9877297008`
## Borrower
- **Name:** KROMMINGA MOTORS, INC
- **Address:** 1810 S MAIN ST, MONTICELLO, IA, 52310-2011
- **NAICS:** 423820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $349K
- **Initial approval:** $349K
- **Forgiven:** $353K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $321K
- **Utilities:** $10K
- **Health care:** $18K
- **Jobs reported:** 47
## Lender
- **Originating:** Ohnward Bank & Trust
- **Servicing:** Ohnward Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*