# PPP loan: JP MOTORS INC
> **$449K** approved 04/04/2020 · Paid in Full · Loan `4901477001`
## Borrower
- **Name:** JP MOTORS INC
- **Address:** 3675 Frontage Road, PERU, IL, 61354
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $449K
- **Initial approval:** $449K
- **Forgiven:** $451K (101%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $449K
- **Jobs reported:** 45
## Lender
- **Originating:** La Salle State Bank
- **Servicing:** La Salle State Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*