# PPP loan: NAPLETON MOTOR CORP
> **$776K** approved 04/10/2020 · Paid in Full · Loan `1611497103`
## Borrower
- **Name:** NAPLETON MOTOR CORP
- **Address:** 505 N. Perryville Rd 0.0, Rockford, IL, 61107-6201
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $776K
- **Initial approval:** $776K
- **Forgiven:** $793K (102%)
- **Forgiveness date:** 08/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $640K
- **Rent:** $130K
- **Utilities:** $6K
- **Jobs reported:** 62
## 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*