# PPP loan: IEC HOTEL CORPORATION
> **$1.74M** approved 03/26/2021 · Paid in Full · Loan `9973408610`
## Borrower
- **Name:** IEC HOTEL CORPORATION
- **Address:** 5000 Westown Pkwy, West Des Moines, IA, 50266-5921
- **NAICS:** 721110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.74M
- **Initial approval:** $1.74M
- **Forgiven:** $1.75M (101%)
- **Forgiveness date:** 01/31/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.74M
- **Utilities:** $1
- **Jobs reported:** 120
## 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*