# PPP loan: UPTOWN MOTOR SALES INC
> **$267K** approved 04/07/2020 · Paid in Full · Loan `6651237005`
## Borrower
- **Name:** UPTOWN MOTOR SALES INC
- **Address:** 310 CLEVELAND ST, MUSCATINE, IA, 52761-5668
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $267K
- **Initial approval:** $267K
- **Forgiven:** $269K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $214K
- **Mortgage interest:** $27K
- **Utilities:** $27K
- **Jobs reported:** 19
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*