# PPP loan: DEW MOTORCARS CORPORATION
> **$280K** approved 05/04/2020 · Paid in Full · Loan `1387067402`
## Borrower
- **Name:** DEW MOTORCARS CORPORATION
- **Address:** 44264 MERCURE CIR suite 160, STERLING, VA, 20166-2047
- **NAICS:** 811121
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $282K (101%)
- **Forgiveness date:** 04/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Jobs reported:** 19
## Lender
- **Originating:** The Freedom Bank of Virginia
- **Servicing:** The Freedom Bank of Virginia (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*