# PPP loan: OLLENBURG MOTORS, INC.
> **$166K** approved 04/04/2020 · Paid in Full · Loan `4659337006`
## Borrower
- **Name:** OLLENBURG MOTORS, INC.
- **Address:** 525 HIGHWAY 18 W, GARNER, IA, 50438-1017
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $166K
- **Initial approval:** $166K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $118K
- **Mortgage interest:** $4K
- **Utilities:** $12K
- **Health care:** $15K
- **Debt interest:** $17K
- **Jobs reported:** 13
## Lender
- **Originating:** Clear Lake Bank & Trust Company
- **Servicing:** Clear Lake Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*