# PPP loan: AGRI-INDUSTRIAL PLASTICS CO
> **$2.20M** approved 04/09/2020 · Paid in Full · Loan `9962087009`
## Borrower
- **Name:** AGRI-INDUSTRIAL PLASTICS CO
- **Address:** 301 22nd Street, FAIRFIELD, IA, 52556-2653
- **NAICS:** 326199
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.20M
- **Initial approval:** $2.20M
- **Forgiven:** $2.22M (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.80M
- **Utilities:** $100K
- **Health care:** $200K
- **Debt interest:** $98K
- **Jobs reported:** 187
## Lender
- **Originating:** Iowa State Bank and Trust Company of Fairfield, Iowa
- **Servicing:** Iowa State Bank and Trust Company of Fairfield, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*