# PPP loan: MICHIGAN CITY MOTORS, INC
> **$202K** approved 04/09/2020 · Paid in Full · Loan `9027967001`
## Borrower
- **Name:** MICHIGAN CITY MOTORS, INC
- **Address:** 4411 MICHIGAN BLVD, MICHIGAN CITY, IN, 46360-3154
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $202K
- **Initial approval:** $202K
- **Forgiven:** $204K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $162K
- **Rent:** $10K
- **Mortgage interest:** $10K
- **Utilities:** $10K
- **Debt interest:** $10K
- **Jobs reported:** 23
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*