# PPP loan: MID-AMERICA MOTORWORKS, INC.
> **$272K** approved 04/11/2020 · Paid in Full · Loan `2865837103`
## Borrower
- **Name:** MID-AMERICA MOTORWORKS, INC.
- **Address:** 2900 N 3RD STREET, EFFINGHAM, IL, 62401-3074
- **NAICS:** 441310
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $272K
- **Initial approval:** $272K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $204K
- **Rent:** $68K
- **Jobs reported:** 25
## Lender
- **Originating:** Carrollton Bank
- **Servicing:** Carrollton Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*