# PPP loan: PIERSON MOTOR COMPANY INC.
> **$233K** approved 01/23/2021 · Paid in Full · Loan `4767168301`
## Borrower
- **Name:** PIERSON MOTOR COMPANY INC.
- **Address:** 118 11th St SW, Spencer, IA, 51301-5858
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $236K (101%)
- **Forgiveness date:** 05/31/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $232K
- **Utilities:** $1
- **Jobs reported:** 26
## Lender
- **Originating:** Community State Bank
- **Servicing:** Community State Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*