# PPP loan: AITKIN MOTOR COMPANY
> **$155K** approved 04/07/2020 · Paid in Full · Loan `6723217010`
## Borrower
- **Name:** AITKIN MOTOR COMPANY
- **Address:** 108 2nd Street NE, AITKIN, MN, 56431-1320
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $156K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $19K
- **Utilities:** $4K
- **Debt interest:** $12K
- **Jobs reported:** 18
## Lender
- **Originating:** Security State Bank of Aitkin
- **Servicing:** Security State Bank of Aitkin (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*