# PPP loan: TED'S MOTORCYCLE WORLD, INC.
> **$319K** approved 04/05/2020 · Paid in Full · Loan `5563817008`
## Borrower
- **Name:** TED'S MOTORCYCLE WORLD, INC.
- **Address:** 4103 Humbert Rd, ALTON, IL, 62002-7116
- **NAICS:** 441228
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $319K
- **Initial approval:** $106K
- **Forgiven:** $322K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Rent:** $80K
- **Jobs reported:** 40
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*