# PPP loan: PEERLESS PRODUCTS, INC.
> **$4.57M** approved 04/27/2020 · Paid in Full · Loan `3555517209`
## Borrower
- **Name:** PEERLESS PRODUCTS, INC.
- **Address:** 2403 S Main, FORT SCOTT, KS, 66701
- **NAICS:** 332321
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.57M
- **Initial approval:** $4.57M
- **Forgiven:** $4.62M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.65M
- **Utilities:** $913K
- **Jobs reported:** 389
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*