# PPP loan: KEN'S AMERICAN MOTORS, INC.
> **$255K** approved 04/28/2020 · Paid in Full · Loan `8735017201`
## Borrower
- **Name:** KEN'S AMERICAN MOTORS, INC.
- **Address:** 3001 Camp Jackson Rd, EAST SAINT LOUIS, IL, 62206
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 05/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $223K
- **Rent:** $18K
- **Utilities:** $15K
- **Jobs reported:** 45
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*