# PPP loan: MOTOR WERKS OF BARRINGTON, INC
> **$5.47M** approved 04/07/2020 · Paid in Full · Loan `7273557003`
## Borrower
- **Name:** MOTOR WERKS OF BARRINGTON, INC
- **Address:** 1475 S BARRINGTON RD, BARRINGTON, IL, 60010-5205
- **NAICS:** 811111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.47M
- **Initial approval:** $5.47M
- **Forgiven:** $5.53M (101%)
- **Forgiveness date:** 04/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.38M
- **Rent:** $547K
- **Utilities:** $547K
- **Jobs reported:** 346
## Lender
- **Originating:** Barrington Bank & Trust Company, National Association
- **Servicing:** Barrington Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*