# PPP loan: ULRICH MOTOR CO.
> **$650K** approved 04/06/2020 · Paid in Full · Loan `6052927009`
## Borrower
- **Name:** ULRICH MOTOR CO.
- **Address:** 1130 W. 16th St., PELLA, IA, 50219-7577
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $650K
- **Initial approval:** $650K
- **Forgiven:** $657K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $650K
- **Jobs reported:** 43
## Lender
- **Originating:** Marion County State Bank
- **Servicing:** Marion County State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*