# PPP loan: CHAMPAIGN MOTORS INC.
> **$516K** approved 01/29/2021 · Paid in Full · Loan `8289828301`
## Borrower
- **Name:** CHAMPAIGN MOTORS INC.
- **Address:** 1906 Moreland Blvd, Champaign, IL, 61822-1241
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $516K
- **Initial approval:** $516K
- **Forgiven:** $520K (101%)
- **Forgiveness date:** 11/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $516K
- **Utilities:** $1
- **Jobs reported:** 34
## Lender
- **Originating:** Hickory Point Bank and Trust
- **Servicing:** Hickory Point Bank and Trust (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*