# PPP loan: MALO AUTOMOTIVE GROUP INC
> **$1.96M** approved 04/09/2020 · Paid in Full · Loan `1128587106`
## Borrower
- **Name:** MALO AUTOMOTIVE GROUP INC
- **Address:** 8655 Pines Blvd, HOLLYWOOD, FL, 33024-6533
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.96M
- **Initial approval:** $1.96M
- **Forgiven:** $1.98M (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.47M
- **Utilities:** $490K
- **Jobs reported:** 168
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*