# PPP loan: THOMAS MOTORS OF ILLINOIS, INC.
> **$532K** approved 04/09/2020 · Paid in Full · Loan `9706047009`
## Borrower
- **Name:** THOMAS MOTORS OF ILLINOIS, INC.
- **Address:** 1421 N. Larkin 0.0, Joliet, IL, 60435-1472
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $532K
- **Initial approval:** $532K
- **Forgiven:** $537K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $441K
- **Rent:** $44K
- **Utilities:** $10K
- **Health care:** $7K
- **Debt interest:** $30K
- **Jobs reported:** 46
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*