# PPP loan: JIDD MOTORS INC.
> **$1.28M** approved 03/01/2021 · Paid in Full · Loan `5530898500`
## Borrower
- **Name:** JIDD MOTORS INC.
- **Address:** 855 Rand Rd, Des Plaines, IL, 60016-2336
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.28M
- **Initial approval:** $1.28M
- **Forgiven:** $1.29M (101%)
- **Forgiveness date:** 11/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.28M
- **Utilities:** $1
- **Jobs reported:** 118
## Lender
- **Originating:** Ally Bank
- **Servicing:** Ally Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*