# PPP loan: MOTOR CITY CHEVROLET BUICK GMC, INC.
> **$242K** approved 04/07/2020 · Paid in Full · Loan `6870687000`
## Borrower
- **Name:** MOTOR CITY CHEVROLET BUICK GMC, INC.
- **Address:** 1511 Railroad Ave, KEWANEE, IL, 61443-1502
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $242K
- **Jobs reported:** 25
## Lender
- **Originating:** Peoples National Bank of Kewanee
- **Servicing:** Peoples National Bank of Kewanee (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*