# PPP loan: COMMERCIAL TIRE SERVICES INC.
> **$658K** approved 04/05/2020 · Paid in Full · Loan `5520387010`
## Borrower
- **Name:** COMMERCIAL TIRE SERVICES INC.
- **Address:** 30TH AVE, MELROSE PARK, IL, 60160-3062
- **NAICS:** 441320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $658K
- **Initial approval:** $650K
- **Forgiven:** $662K (101%)
- **Forgiveness date:** 12/16/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $493K
- **Mortgage interest:** $99K
- **Utilities:** $66K
- **Jobs reported:** 73
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*