# PPP loan: NORMAN SCOTT COMPANY INC.
> **$761K** approved 02/09/2021 · Paid in Full · Loan `5780508404`
## Borrower
- **Name:** NORMAN SCOTT COMPANY INC.
- **Address:** 126 29th Street Dr SE, Cedar Rapids, IA, 52403-1407
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $761K
- **Initial approval:** $761K
- **Forgiven:** $765K (101%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $761K
- **Jobs reported:** 48
## Lender
- **Originating:** Cedar Rapids Bank and Trust Company
- **Servicing:** Cedar Rapids Bank and Trust Company (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*