# PPP loan: VELDE CADILLAC-BUICK-GMC INC.
> **$401K** approved 02/23/2021 · Paid in Full · Loan `3348898505`
## Borrower
- **Name:** VELDE CADILLAC-BUICK-GMC INC.
- **Address:** 2220 N 8th St, Pekin, IL, 61554-1543
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $401K
- **Initial approval:** $401K
- **Forgiven:** $403K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $401K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** Morton Community Bank
- **Servicing:** Morton Community Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*