# PPP loan: PHILIP MOTOR INC
> **$207K** approved 04/06/2020 · Paid in Full · Loan `5973837006`
## Borrower
- **Name:** PHILIP MOTOR INC
- **Address:** 101 W Oak St, PHILIP, SD, 57567
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $209K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $207K
- **Jobs reported:** 21
## Lender
- **Originating:** First National Bank in Philip
- **Servicing:** First National Bank in Philip (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*