# PPP loan: NAPLETON SCHAUMBURG MOTORS, INC
> **$336K** approved 04/10/2020 · Paid in Full · Loan `1562317109`
## Borrower
- **Name:** NAPLETON SCHAUMBURG MOTORS, INC
- **Address:** 110 W Golf Rd 0.0, Schaumburg, IL, 60195-3604
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $336K
- **Initial approval:** $336K
- **Forgiven:** $341K (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $253K
- **Rent:** $50K
- **Utilities:** $5K
- **Health care:** $16K
- **Debt interest:** $12K
- **Jobs reported:** 20
## 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*