# PPP loan: EL CENTRO MOTORS
> **$1.24M** approved 04/09/2020 · Paid in Full · Loan `1009107110`
## Borrower
- **Name:** EL CENTRO MOTORS
- **Address:** 1520 W. Ford Dr. 0.0, El Centro, CA, 92243-1603
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 05/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Mortgage interest:** $108K
- **Utilities:** $19K
- **Health care:** $62K
- **Debt interest:** $10K
- **Jobs reported:** 90
## 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*