# PPP loan: LE MARS TRUCK AND TRAILER INC.
> **$1.16M** approved 04/04/2020 · Paid in Full · Loan `4844717004`
## Borrower
- **Name:** LE MARS TRUCK AND TRAILER INC.
- **Address:** 2605 LINCOLN AVE SW, LE MARS, IA, 51031-3051
- **NAICS:** 561311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $867K
- **Mortgage interest:** $289K
- **Jobs reported:** 102
## Lender
- **Originating:** Central Bank
- **Servicing:** Central Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*