# PPP loan: TIDEY MOTOR SALES INC.
> **$242K** approved 03/13/2021 · Paid in Full · Loan `1577498606`
## Borrower
- **Name:** TIDEY MOTOR SALES INC.
- **Address:** 1201 W Michigan Ave, Marshall, MI, 49068-1465
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 04/05/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $242K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Southern Michigan Bank & Trust
- **Servicing:** Southern Michigan Bank & Trust (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*