# PPP loan: BILL & RAY'S AUTO SERVICE, INC.
> **$289K** approved 04/09/2020 · Paid in Full · Loan `9334297001`
## Borrower
- **Name:** BILL & RAY'S AUTO SERVICE, INC.
- **Address:** 2455 HIGHWAY 23, OSKALOOSA, IA, 52577-9321
- **NAICS:** 488999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $289K
- **Initial approval:** $289K
- **Forgiven:** $291K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $277K
- **Rent:** $4K
- **Mortgage interest:** $4K
- **Utilities:** $4K
- **Jobs reported:** 26
## 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*