# PPP loan: LOUTOS MOTOR SERVICE, INC.
> **$197K** approved 04/04/2020 · Paid in Full · Loan `4969157006`
## Borrower
- **Name:** LOUTOS MOTOR SERVICE, INC.
- **Address:** 1019 W 16TH ST, CHICAGO, IL, 60608-2217
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $148K
- **Health care:** $49K
- **Jobs reported:** 8
## Lender
- **Originating:** Beverly Bank & Trust Company, National Association
- **Servicing:** Beverly Bank & Trust Company, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*