# PPP loan: LORENZ BUS SERVICE INC.
> **$1.98M** approved 01/20/2021 · Paid in Full · Loan `2471908300`
## Borrower
- **Name:** LORENZ BUS SERVICE INC.
- **Address:** 8600 Xylite St NE, Minneapolis, MN, 55449-5003
- **NAICS:** 485999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.98M
- **Initial approval:** $1.98M
- **Forgiven:** $1.99M (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.98M
- **Utilities:** $1
- **Jobs reported:** 167
## Lender
- **Originating:** Crown Bank
- **Servicing:** Crown Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*