# PPP loan: T.R. MOTORS INC
> **$468K** approved 04/08/2020 · Paid in Full · Loan `7713257001`
## Borrower
- **Name:** T.R. MOTORS INC
- **Address:** 1 Saturn Drive, HANOVER, MA, 02339-1604
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $468K
- **Initial approval:** $473K
- **Forgiven:** $472K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $468K
- **Jobs reported:** 29
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*