# PPP loan: NORTHWESTERN MOTORS HOLDING INC.
> **$460K** approved 04/10/2020 · Paid in Full · Loan `1490487103`
## Borrower
- **Name:** NORTHWESTERN MOTORS HOLDING INC.
- **Address:** 333 W Rand Rd 0.0, Mt Prospect, IL, 60056-1044
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $460K
- **Initial approval:** $460K
- **Forgiven:** $466K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $349K
- **Rent:** $50K
- **Utilities:** $5K
- **Health care:** $20K
- **Debt interest:** $36K
- **Jobs reported:** 27
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*