# PPP loan: PEPE MOTORS CORP
> **$2.45M** approved 04/10/2020 · Paid in Full · Loan `2049097108`
## Borrower
- **Name:** PEPE MOTORS CORP
- **Address:** 50 BANK STREET 0.0, WHITE PLAINS, NY, 10606-1903
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.45M
- **Initial approval:** $2.45M
- **Forgiven:** $2.48M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.84M
- **Rent:** $271K
- **Utilities:** $32K
- **Health care:** $126K
- **Debt interest:** $183K
- **Jobs reported:** 177
## 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*