# PPP loan: JIM SHANKS AUTO SALES, INC.
> **$154K** approved 04/10/2020 · Paid in Full · Loan `1403057106`
## Borrower
- **Name:** JIM SHANKS AUTO SALES, INC.
- **Address:** 1139 WESLEY RD, PEKIN, IL, 61554-1171
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $155K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $154K
- **Jobs reported:** 11
## Lender
- **Originating:** Morton Community Bank
- **Servicing:** Morton Community Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*