# PPP loan: INDEPENDENCE MOTORS, INC.
> **$380K** approved 04/15/2020 · Paid in Full · Loan `1392367207`
## Borrower
- **Name:** INDEPENDENCE MOTORS, INC.
- **Address:** 3099 Columbia Blvd, Bloomsburg, PA, 17815
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $380K
- **Initial approval:** $380K
- **Forgiven:** $383K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $267K
- **Rent:** $68K
- **Utilities:** $7K
- **Health care:** $21K
- **Debt interest:** $16K
- **Jobs reported:** 35
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*