# PPP loan: MCCLANE MOTOR SALES, INC.
> **$182K** approved 04/08/2020 · Paid in Full · Loan `7778337002`
## Borrower
- **Name:** MCCLANE MOTOR SALES, INC.
- **Address:** 702 E. Jourdan St., NEWTON, IL, 62448-1549
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $182K
- **Initial approval:** $182K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Jobs reported:** 16
## Lender
- **Originating:** The Peoples State Bank of Newton, Illinois
- **Servicing:** The Peoples State Bank of Newton, Illinois (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*