# PPP loan: CUSTOM MOTOR CONCEPTS LLC
> **$158K** approved 04/10/2020 · Paid in Full · Loan `1623577100`
## Borrower
- **Name:** CUSTOM MOTOR CONCEPTS LLC
- **Address:** 722 S Bloomington, Lowell, AR, 72745
- **NAICS:** 441310
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $127K
- **Rent:** $30K
- **Utilities:** $2K
- **Jobs reported:** 14
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*