# PPP loan: WHEELING AUTO CENTER INC.
> **$162K** approved 04/14/2020 · Paid in Full · Loan `6291337104`
## Borrower
- **Name:** WHEELING AUTO CENTER INC.
- **Address:** 2430 HINTZ RD, ARLINGTON HEIGHTS, IL, 60004-2201
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Rent:** $16K
- **Mortgage interest:** $8K
- **Utilities:** $8K
- **Jobs reported:** 11
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*