# PPP loan: AMES MOTOR COMPANY
> **$677K** approved 04/07/2020 · Paid in Full · Loan `7294847006`
## Borrower
- **Name:** AMES MOTOR COMPANY
- **Address:** 123 Airport Rd., AMES, IA, 50010-8201
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $677K
- **Initial approval:** $677K
- **Forgiven:** $685K (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Mortgage interest:** $508K
- **Utilities:** $85K
- **Jobs reported:** 54
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*