# PPP loan: NORTH AMERICAN CLUTCH AND DRIVELINE, INC
> **$478K** approved 04/06/2020 · Paid in Full · Loan `5653987006`
## Borrower
- **Name:** NORTH AMERICAN CLUTCH AND DRIVELINE, INC
- **Address:** 10901 N 2ND ST, MACHESNEY PARK, IL, 61115-1461
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $478K
- **Initial approval:** $478K
- **Forgiven:** $480K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $358K
- **Mortgage interest:** $60K
- **Utilities:** $60K
- **Jobs reported:** 31
## Lender
- **Originating:** Northwest Bank of Rockford
- **Servicing:** Northwest Bank of Rockford (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*