# PPP loan: SHAFFER'S AUTO BODY CO., INC.
> **$383K** approved 04/07/2020 · Paid in Full · Loan `7064147002`
## Borrower
- **Name:** SHAFFER'S AUTO BODY CO., INC.
- **Address:** 1712 E LINCOLN WAY, AMES, IA, 50010-6542
- **NAICS:** 811121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $383K
- **Initial approval:** $383K
- **Forgiven:** $386K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $317K
- **Rent:** $37K
- **Utilities:** $29K
- **Jobs reported:** 28
## Lender
- **Originating:** First National Bank Ames, Iowa
- **Servicing:** First National Bank Ames, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*