# PPP loan: HOLZ MOTORS INC.
> **$1.52M** approved 04/10/2020 · Paid in Full · Loan `1507497103`
## Borrower
- **Name:** HOLZ MOTORS INC.
- **Address:** 5961 S 108TH PL, HALES CORNERS, WI, 53130-2501
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.53M (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.31M
- **Rent:** $158K
- **Utilities:** $55K
- **Jobs reported:** 125
## Lender
- **Originating:** Tri City National Bank
- **Servicing:** Tri City National Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*