# PPP loan: MCGRATH IMPORTS, INC.
> **$2.41M** approved 04/29/2020 · Paid in Full · Loan `2194367309`
## Borrower
- **Name:** MCGRATH IMPORTS, INC.
- **Address:** 7000 GOLF RD, MORTON GROVE, IL, 60053-1328
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.41M
- **Initial approval:** $2.41M
- **Forgiven:** $2.44M (102%)
- **Forgiveness date:** 11/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.92M
- **Mortgage interest:** $481K
- **Jobs reported:** 191
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*