# PPP loan: MOTOR TRIKE INC.
> **$465K** approved 01/21/2021 · Paid in Full · Loan `3264248305`
## Borrower
- **Name:** MOTOR TRIKE INC.
- **Address:** 22667 FM 15, Troup, TX, 75789-6221
- **NAICS:** 336991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $465K
- **Initial approval:** $465K
- **Forgiven:** $469K (101%)
- **Forgiveness date:** 11/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $465K
- **Utilities:** $1
- **Jobs reported:** 54
## Lender
- **Originating:** Austin Bank, Texas National Association
- **Servicing:** Austin Bank, Texas National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*