# PPP loan: MUTUAL WHEEL COMPANY INC
> **$606K** approved 04/13/2020 · Paid in Full · Loan `5274547101`
## Borrower
- **Name:** MUTUAL WHEEL COMPANY INC
- **Address:** 2345 4TH AVE, MOLINE, IL, 61265-1523
- **NAICS:** 423120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $606K
- **Initial approval:** $606K
- **Forgiven:** $613K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $546K
- **Health care:** $60K
- **Jobs reported:** 41
## Lender
- **Originating:** TBK Bank, SSB
- **Servicing:** TBK Bank, SSB (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*