# PPP loan: GABUS AUTOMOTIVE, INC.
> **$1.15M** approved 04/06/2020 · Paid in Full · Loan `6260227005`
## Borrower
- **Name:** GABUS AUTOMOTIVE, INC.
- **Address:** 4475 MERLE HAY RD, DES MOINES, IA, 50310-1413
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.15M
- **Jobs reported:** 98
## Lender
- **Originating:** Iowa State Bank
- **Servicing:** Iowa State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*