# PPP loan: MOTOR APPLIANCE CORPORATION - MAD2995
> **$364K** approved 02/03/2021 · Paid in Full · Loan `2384988402`
## Borrower
- **Name:** MOTOR APPLIANCE CORPORATION - MAD2995
- **Address:** 601 International Ave, Washington, MO, 63090-3535
- **NAICS:** 335999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $364K
- **Initial approval:** $364K
- **Forgiven:** $366K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $364K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*