# PPP loan: FORD ACCEPTANCE CORPORATION
> **$157K** approved 04/15/2020 · Paid in Full · Loan `9613057100`
## Borrower
- **Name:** FORD ACCEPTANCE CORPORATION
- **Address:** 1540 E. Dundee Rd., PALATINE, IL, 60074
- **NAICS:** 522220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $146K (93%)
- **Forgiveness date:** 11/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $157K
- **Jobs reported:** 8
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*