# PPP loan: BUY RITE LOGISTICS, INC
> **$448K** approved 04/03/2020 · Paid in Full · Loan `4359017002`
## Borrower
- **Name:** BUY RITE LOGISTICS, INC
- **Address:** 1811 Industrial Rd SW, LE MARS, IA, 51031-3042
- **NAICS:** 321920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $448K
- **Initial approval:** $448K
- **Forgiven:** $452K (101%)
- **Forgiveness date:** 04/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $448K
- **Jobs reported:** 63
## Lender
- **Originating:** American Bank, National Association
- **Servicing:** American Bank, National Association (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*