# PPP loan: MOLON MOTOR & COIL CORP.
> **$1.00M** approved 04/10/2020 · Paid in Full · Loan `2565367102`
## Borrower
- **Name:** MOLON MOTOR & COIL CORP.
- **Address:** 300 N RIDGE AVE, ARLINGTON HEIGHTS, IL, 60005-1376
- **NAICS:** 335312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.00M
- **Jobs reported:** 109
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*