# PPP loan: LICHTSINN MOTORS INC
> **$766K** approved 04/03/2020 · Paid in Full · Loan `4350297009`
## Borrower
- **Name:** LICHTSINN MOTORS INC
- **Address:** 505 Highway 9 E, FOREST CITY, IA, 50436-1014
- **NAICS:** 441210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $766K
- **Initial approval:** $766K
- **Forgiven:** $771K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $574K
- **Utilities:** $96K
- **Health care:** $96K
- **Jobs reported:** 42
## Lender
- **Originating:** Manufacturers Bank & Trust Company
- **Servicing:** Manufacturers Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*