# PPP loan: MERCEDES RESTAURANTS INC.
> **$1.89M** approved 01/20/2021 · Paid in Full · Loan `2236048302`
## Borrower
- **Name:** MERCEDES RESTAURANTS INC.
- **Address:** 2402 W Nebraska Ave, Peoria, IL, 61604-3112
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.89M
- **Initial approval:** $1.89M
- **Forgiven:** $1.90M (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.89M
- **Utilities:** $1
- **Jobs reported:** 118
## Lender
- **Originating:** Bank of Farmington
- **Servicing:** Bank of Farmington (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*