# PPP loan: LORENZ BUS SERVICE, INC.
> **$1.68M** approved 04/07/2020 · Paid in Full · Loan `6982837002`
## Borrower
- **Name:** LORENZ BUS SERVICE, INC.
- **Address:** 8600 XYLITE ST, MINNEAPOLIS, MN, 55449-5003
- **NAICS:** 485510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.68M
- **Initial approval:** $1.68M
- **Forgiven:** $1.69M (101%)
- **Forgiveness date:** 02/09/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.26M
- **Rent:** $335K
- **Utilities:** $84K
- **Jobs reported:** 243
## Lender
- **Originating:** Tradition Capital Bank
- **Servicing:** Tradition Capital Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*