# PPP loan: NOR-AM LOGISTICS INC
> **$551K** approved 04/05/2020 · Paid in Full · Loan `5408877004`
## Borrower
- **Name:** NOR-AM LOGISTICS INC
- **Address:** 801 6TH ST, LE MARS, IA, 51031-1817
- **NAICS:** 493120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $555K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $413K
- **Mortgage interest:** $138K
- **Jobs reported:** 64
## 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*