# PPP loan: ALCONA MOTORS INC
> **$174K** approved 04/15/2020 · Paid in Full · Loan `9366397110`
## Borrower
- **Name:** ALCONA MOTORS INC
- **Address:** 313 S 2ND ST, LINCOLN, MI, 48742-9429
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $174K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Utilities:** $8K
- **Jobs reported:** 26
## Lender
- **Originating:** Huron Community Bank
- **Servicing:** Huron Community Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*