# PPP loan: BARRON MOTOR, INC
> **$497K** approved 04/09/2020 · Paid in Full · Loan `9469087005`
## Borrower
- **Name:** BARRON MOTOR, INC
- **Address:** 1850 McCloud PL NE, CEDAR RAPIDS, IA, 52402-3472
- **NAICS:** 423120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $497K
- **Initial approval:** $497K
- **Forgiven:** $500K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $497K
- **Jobs reported:** 66
## Lender
- **Originating:** Bankers Trust Company
- **Servicing:** Bankers Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*