# PPP loan: LAKE NORMAN MOTOR SALES LLC
> **$1.84M** approved 04/15/2020 · Paid in Full · Loan `1540197207`
## Borrower
- **Name:** LAKE NORMAN MOTOR SALES LLC
- **Address:** 13429 Statesville Rd, HUNTERSVILLE, NC, 28078-9035
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.84M
- **Initial approval:** $1.84M
- **Forgiven:** $1.86M (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.84M
- **Jobs reported:** 189
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*