# PPP loan: MOTO-I INC.
> **$474K** approved 03/13/2021 · Paid in Full · Loan `1818288604`
## Borrower
- **Name:** MOTO-I INC.
- **Address:** 2940 Lyndale Ave S, Minneapolis, MN, 55408-2110
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $474K
- **Initial approval:** $474K
- **Forgiven:** $480K (101%)
- **Forgiveness date:** 07/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $474K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** Choice Financial Group
- **Servicing:** Choice Financial Group (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*