# PPP loan: LIBERTY MOTORS INC
> **$1.79M** approved 04/07/2020 · Paid in Full · Loan `6531647005`
## Borrower
- **Name:** LIBERTY MOTORS INC
- **Address:** 600 CAMBELL ST, RAPID CITY, SD, 57701-3002
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.79M
- **Initial approval:** $1.79M
- **Forgiven:** $1.80M (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.34M
- **Rent:** $119K
- **Mortgage interest:** $28K
- **Utilities:** $40K
- **Health care:** $49K
- **Debt interest:** $211K
- **Jobs reported:** 147
## Lender
- **Originating:** Dacotah Bank
- **Servicing:** Dacotah Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*