# PPP loan: MARTIN AUTOMATIC, INC.
> **$2.48M** approved 04/10/2020 · Paid in Full · Loan `2134097102`
## Borrower
- **Name:** MARTIN AUTOMATIC, INC.
- **Address:** 1661 Northrock Court 0.0, Rockford, IL, 61103-1296
- **NAICS:** 333244
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.48M
- **Initial approval:** $2.48M
- **Forgiven:** $2.51M (101%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.98M
- **Mortgage interest:** $106K
- **Utilities:** $36K
- **Health care:** $353K
- **Jobs reported:** 165
## 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*