# PPP loan: MACKE MOTORS, INC.
> **$477K** approved 04/08/2020 · Paid in Full · Loan `8733817005`
## Borrower
- **Name:** MACKE MOTORS, INC.
- **Address:** 1201 W MAIN ST PO Box 115, LAKE CITY, IA, 51449-1581
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $477K
- **Initial approval:** $477K
- **Forgiven:** $480K (101%)
- **Forgiveness date:** 12/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $460K
- **Mortgage interest:** $10K
- **Utilities:** $7K
- **Jobs reported:** 45
## Lender
- **Originating:** United Bank of Iowa
- **Servicing:** United Bank of Iowa (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*