# PPP loan: GLENDORA MOTORCARS CO., INC
> **$568K** approved 04/10/2020 · Paid in Full · Loan `2184277106`
## Borrower
- **Name:** GLENDORA MOTORCARS CO., INC
- **Address:** 6830 Avenida Encinas, Carlsbad, CA, 92011-3816
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $568K
- **Initial approval:** $568K
- **Forgiven:** $574K (101%)
- **Forgiveness date:** 05/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $480K
- **Rent:** $28K
- **Mortgage interest:** $26K
- **Utilities:** $13K
- **Health care:** $22K
- **Jobs reported:** 42
## 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*