# PPP loan: MACDONALD MOTORS INC
> **$275K** approved 04/06/2020 · Paid in Full · Loan `5958387004`
## Borrower
- **Name:** MACDONALD MOTORS INC
- **Address:** 61 east conway rd, CHATHAM, NH, 03813-4012
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Jobs reported:** 17
## Lender
- **Originating:** Norway Savings Bank
- **Servicing:** Norway Savings Bank (ME)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*