# PPP loan: SCHOOL BUS SALES CO.
> **$393K** approved 04/08/2020 · Paid in Full · Loan `8644607010`
## Borrower
- **Name:** SCHOOL BUS SALES CO.
- **Address:** 4537 TEXAS ST, WATERLOO, IA, 50702-4525
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $393K
- **Initial approval:** $393K
- **Forgiven:** $397K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $393K
- **Jobs reported:** 40
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*