# PPP loan: SLOAN MOTORS, INC.
> **$453K** approved 04/28/2020 · Paid in Full · Loan `8128807200`
## Borrower
- **Name:** SLOAN MOTORS, INC.
- **Address:** 415 W LINCOLN HWY, EXTON, PA, 19341-2538
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $453K
- **Initial approval:** $453K
- **Forgiven:** $460K (101%)
- **Forgiveness date:** 10/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $453K
- **Jobs reported:** 28
## Lender
- **Originating:** S & T Bank
- **Servicing:** S & T Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*