# PPP loan: SAPAUGH MOTORS, INC
> **$1.87M** approved 04/08/2020 · Paid in Full · Loan `8716697004`
## Borrower
- **Name:** SAPAUGH MOTORS, INC
- **Address:** 1507 McNutt St, HERCULANEUM, MO, 63048-1566
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.87M
- **Initial approval:** $1.87M
- **Forgiven:** $1.88M (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.55M
- **Mortgage interest:** $100K
- **Utilities:** $41K
- **Debt interest:** $175K
- **Jobs reported:** 175
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*