# PPP loan: FLAG AUTOMOTIVE GROUP, INC
> **$604K** approved 04/05/2020 · Paid in Full · Loan `5346487009`
## Borrower
- **Name:** FLAG AUTOMOTIVE GROUP, INC
- **Address:** 1000E BELVIDERE RD, GRAYSLAKE, IL, 60030-2074
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $604K
- **Initial approval:** $604K
- **Forgiven:** $608K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $469K
- **Rent:** $125K
- **Utilities:** $10K
- **Jobs reported:** 43
## Lender
- **Originating:** Bank of Pontiac
- **Servicing:** Bank of Pontiac (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*