# PPP loan: PENNINGTON AUTO GROUP LLC
> **$238K** approved 04/11/2020 · Paid in Full · Loan `3014167110`
## Borrower
- **Name:** PENNINGTON AUTO GROUP LLC
- **Address:** 807 S VAN BUREN ST, NEWTON, IL, 62448-1724
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Rent:** $6K
- **Utilities:** $6K
- **Debt interest:** $6K
- **Jobs reported:** 21
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*