# PPP loan: NAPLETON'S PALATINE MOTORS HOLDING, INC.
> **$243K** approved 04/10/2020 · Paid in Full · Loan `1497007102`
## Borrower
- **Name:** NAPLETON'S PALATINE MOTORS HOLDING, INC.
- **Address:** 1811 N Rand Rd 0.0, Palatine, IL, 60074-1193
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $174K
- **Rent:** $49K
- **Health care:** $20K
- **Jobs reported:** 26
## 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*