# PPP loan: TOM'S AUTO SALES & SERVICE, INC.
> **$540K** approved 04/06/2020 · Paid in Full · Loan `6006707001`
## Borrower
- **Name:** TOM'S AUTO SALES & SERVICE, INC.
- **Address:** 2136 EAST UNIVERSITY AVE, DES MOINES, IA, 50317-5260
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $540K
- **Initial approval:** $540K
- **Forgiven:** $543K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $540K
- **Jobs reported:** 33
## Lender
- **Originating:** Community State Bank
- **Servicing:** Community State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*