# PPP loan: SHORE MOTOR CO.
> **$159K** approved 04/07/2020 · Paid in Full · Loan `6859787005`
## Borrower
- **Name:** SHORE MOTOR CO.
- **Address:** 222 S 16TH ST, CLARINDA, IA, 51632-2106
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Jobs reported:** 19
## Lender
- **Originating:** Bank Iowa
- **Servicing:** Bank Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*