# PPP loan: MW MOTORS III, INC.
> **$664K** approved 04/15/2020 · Paid in Full · Loan `1498597204`
## Borrower
- **Name:** MW MOTORS III, INC.
- **Address:** 150 Motorworld Drive, Wilkes-Barre, PA, 18702
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $664K
- **Initial approval:** $664K
- **Forgiven:** $672K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $498K
- **Rent:** $100K
- **Health care:** $66K
- **Jobs reported:** 60
## 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*