# PPP loan: FIRST MOTOR GROUP OF ENCINO LLC
> **$1.70M** approved 04/10/2020 · Paid in Full · Loan `1315517102`
## Borrower
- **Name:** FIRST MOTOR GROUP OF ENCINO LLC
- **Address:** 16721 Venura Blvd 0.0, Encino, CA, 91436-1701
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $1.70M
- **Forgiven:** $1.72M (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Mortgage interest:** $300K
- **Utilities:** $30K
- **Health care:** $95K
- **Jobs reported:** 140
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*