# PPP loan: FAMILY MOTORS INC
> **$203K** approved 04/10/2021 · Paid in Full · Loan `1566728804`
## Borrower
- **Name:** FAMILY MOTORS INC
- **Address:** 421 Route 12, Groton, CT, 06340-2948
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $203K
- **Initial approval:** $203K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 08/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $203K
- **Jobs reported:** 14
## Lender
- **Originating:** Ion Bank
- **Servicing:** Ion Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*