# PPP loan: CHARLES GABUS MOTORS, INC.
> **$2.25M** approved 04/06/2020 · Paid in Full · Loan `6282537005`
## Borrower
- **Name:** CHARLES GABUS MOTORS, INC.
- **Address:** 1650 SE 37TH ST, GRIMES, IA, 50111-4942
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.25M
- **Initial approval:** $2.25M
- **Forgiven:** $2.28M (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.25M
- **Jobs reported:** 240
## 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*