# PPP loan: MERTZ MOTOR COMPANY, INC.
> **$242K** approved 04/10/2020 · Paid in Full · Loan `2255837106`
## Borrower
- **Name:** MERTZ MOTOR COMPANY, INC.
- **Address:** 100 East Washington, Millstadt, IL, 62260-1224
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $218K
- **Rent:** $20K
- **Utilities:** $4K
- **Jobs reported:** 22
## Lender
- **Originating:** Bank of Belleville
- **Servicing:** Bank of Belleville (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*