# PPP loan: MADISONVILLE MOTOR SALES, LLC
> **$491K** approved 04/14/2020 · Paid in Full · Loan `6880537103`
## Borrower
- **Name:** MADISONVILLE MOTOR SALES, LLC
- **Address:** 11801 LANTAFF BLVD, MADISONVILLE, KY, 42431-9403
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $491K
- **Initial approval:** $491K
- **Forgiven:** $495K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $392K
- **Rent:** $80K
- **Utilities:** $8K
- **Health care:** $10K
- **Jobs reported:** 46
## Lender
- **Originating:** Farmers State Bank of Alto Pass, Illinois
- **Servicing:** Farmers State Bank of Alto Pass, Illinois (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*