# PPP loan: ICONIC MOTORS, INC. DBA ELGIN VOLKSWAGEN
> **$418K** approved 07/17/2020 · Paid in Full · Loan `5031698102`
## Borrower
- **Name:** ICONIC MOTORS, INC. DBA ELGIN VOLKSWAGEN
- **Address:** 2630 AUTO MALL DR, ELGIN, IL, 60123
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $418K
- **Initial approval:** $418K
- **Forgiven:** $423K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $418K
- **Jobs reported:** 30
## Lender
- **Originating:** Byline Bank
- **Servicing:** Byline Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*