# PPP loan: DECORAH AUTO CENTER, INC.
> **$294K** approved 04/05/2020 · Paid in Full · Loan `5167457005`
## Borrower
- **Name:** DECORAH AUTO CENTER, INC.
- **Address:** 2072 STATE HIGHWAY 9, DECORAH, IA, 52101-7807
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $294K
- **Initial approval:** $294K
- **Forgiven:** $296K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $294K
- **Jobs reported:** 34
## Lender
- **Originating:** Decorah Bank & Trust Company
- **Servicing:** Decorah Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*