# PPP loan: MITCHEM TIRE COMPANY
> **$269K** approved 04/05/2020 · Paid in Full · Loan `5485797008`
## Borrower
- **Name:** MITCHEM TIRE COMPANY
- **Address:** 3100 S. Campbell Ave., SPRINGFIELD, MO, 65807-4911
- **NAICS:** 441320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $269K
- **Initial approval:** $269K
- **Forgiven:** $271K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Rent:** $51K
- **Utilities:** $3K
- **Jobs reported:** 33
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*