# PPP loan: DOWNEY TIRE SERVICE, L.C.
> **$221K** approved 04/03/2020 · Paid in Full · Loan `4377037001`
## Borrower
- **Name:** DOWNEY TIRE SERVICE, L.C.
- **Address:** 103 W 2ND AVE, INDIANOLA, IA, 50125-2521
- **NAICS:** 811111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $177K
- **Mortgage interest:** $4K
- **Utilities:** $40K
- **Jobs reported:** 19
## Lender
- **Originating:** TruBank
- **Servicing:** TruBank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*