# PPP loan: LOUTOS MOTOR SERVICE INC.
> **$197K** approved 01/20/2021 · Paid in Full · Loan `2420738308`
## Borrower
- **Name:** LOUTOS MOTOR SERVICE INC.
- **Address:** 1019 W 16th St, Chicago, IL, 60608-2217
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 09/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $197K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** Beverly Bank & Trust Company, National Association
- **Servicing:** Beverly Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*