# PPP loan: ULTIMATE MOTORCARS INC
> **$1.12M** approved 04/10/2020 · Paid in Full · Loan `1681977100`
## Borrower
- **Name:** ULTIMATE MOTORCARS INC
- **Address:** 4111 S 144th St 0.0, Omaha, NE, 68137-1012
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 06/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $852K
- **Rent:** $131K
- **Utilities:** $17K
- **Health care:** $46K
- **Debt interest:** $72K
- **Jobs reported:** 108
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*