# PPP loan: MCCREDY MOTORS, INC.
> **$154K** approved 04/08/2020 · Paid in Full · Loan `7779817006`
## Borrower
- **Name:** MCCREDY MOTORS, INC.
- **Address:** 159-163 South Broad St, NORWICH, NY, 13815-1747
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $156K (101%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $116K
- **Rent:** $19K
- **Utilities:** $19K
- **Jobs reported:** 17
## Lender
- **Originating:** NBT Bank, National Association
- **Servicing:** NBT Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*