# PPP loan: MOTOR SPECIALTY INC
> **$582K** approved 01/28/2021 · Paid in Full · Loan `7769288310`
## Borrower
- **Name:** MOTOR SPECIALTY INC
- **Address:** 2801 Lathrop Ave, Racine, WI, 53405-4426
- **NAICS:** 333613
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $582K
- **Initial approval:** $582K
- **Forgiven:** $586K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $582K
- **Utilities:** $1
- **Jobs reported:** 32
## Lender
- **Originating:** Tri City National Bank
- **Servicing:** Tri City National Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*