# PPP loan: PALMER BUS SERVICE OF SHAKOPEE, INC.
> **$558K** approved 04/06/2020 · Paid in Full · Loan `5724497010`
## Borrower
- **Name:** PALMER BUS SERVICE OF SHAKOPEE, INC.
- **Address:** 2200 CARLSON DR, NORTH MANKATO, MN, 56003-2213
- **NAICS:** 485410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $558K
- **Initial approval:** $558K
- **Forgiven:** $563K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $447K
- **Mortgage interest:** $56K
- **Utilities:** $56K
- **Jobs reported:** 62
## Lender
- **Originating:** Community Bank Mankato
- **Servicing:** Community Bank Mankato (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*