# PPP loan: PHILADELPHIA MOTORS LLC
> **$755K** approved 04/10/2020 · Paid in Full · Loan `1649217106`
## Borrower
- **Name:** PHILADELPHIA MOTORS LLC
- **Address:** 100 W LANCASTER AVE, PAOLI, PA, 19301-1722
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $755K
- **Initial approval:** $755K
- **Forgiven:** $761K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $576K
- **Rent:** $102K
- **Mortgage interest:** $55K
- **Utilities:** $22K
- **Jobs reported:** 51
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*