# PPP loan: MIRACLE MOTORS INC
> **$372K** approved 04/27/2020 · Paid in Full · Loan `5505207200`
## Borrower
- **Name:** MIRACLE MOTORS INC
- **Address:** 601 STATE AVE, EMMAUS, PA, 18049-3029
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $372K
- **Initial approval:** $372K
- **Forgiven:** $376K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $372K
- **Jobs reported:** 38
## Lender
- **Originating:** Fidelity Deposit and Discount Bank
- **Servicing:** Fidelity Deposit and Discount Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*