# PPP loan: NORMAN SCOTT COMPANY, INC.
> **$700K** approved 04/16/2020 · Paid in Full · Loan `2921277205`
## Borrower
- **Name:** NORMAN SCOTT COMPANY, INC.
- **Address:** 126 29th Street Drive SE, CEDAR RAPIDS, IA, 52403-1407
- **NAICS:** 332722
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Forgiven:** $705K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $700K
- **Jobs reported:** 48
## Lender
- **Originating:** Cedar Rapids Bank and Trust Company
- **Servicing:** Cedar Rapids Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*