# PPP loan: BORGHI USA INC. OILHYDRAULIC CONDUITS
> **$1.20M** approved 04/28/2020 · Paid in Full · Loan `6413017210`
## Borrower
- **Name:** BORGHI USA INC. OILHYDRAULIC CONDUITS
- **Address:** 402 West DIVISION ST, WEST BURLINGTON, IA, 52655-1669
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.43M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Jobs reported:** 122
## Lender
- **Originating:** Farmers & Merchants Bank & Trust
- **Servicing:** Farmers & Merchants Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*