# PPP loan: MARTHALER AUTOMOTIVE OF WORTHINGTON, INC.
> **$482K** approved 04/05/2020 · Paid in Full · Loan `5398227003`
## Borrower
- **Name:** MARTHALER AUTOMOTIVE OF WORTHINGTON, INC.
- **Address:** 1627 Oxford St, WORTHINGTON, MN, 56187-1911
- **NAICS:** 423120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $482K
- **Initial approval:** $482K
- **Forgiven:** $486K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $482K
- **Jobs reported:** 47
## Lender
- **Originating:** Glenwood State Bank Incorporated
- **Servicing:** Glenwood State Bank Incorporated (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*