# PPP loan: THE MICAR COMPANY
> **$1.50M** approved 04/03/2020 · Paid in Full · Loan `4556537004`
## Borrower
- **Name:** THE MICAR COMPANY
- **Address:** 1900 1/2 N. 22ND ST, DECATUR, IL, 62526-5115
- **NAICS:** 332322
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.32M (88%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 92
## Lender
- **Originating:** Land of Lincoln CU
- **Servicing:** Land of Lincoln CU (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*