# PPP loan: NEWPORT BEACH FERRARI MASERATI COLLISION CENTER CENTER, LLC
> **$260K** approved 04/10/2020 · Paid in Full · Loan `2241467101`
## Borrower
- **Name:** NEWPORT BEACH FERRARI MASERATI COLLISION CENTER CENTER, LLC
- **Address:** 2975 AIRWAY AVE, COSTA MESA, CA, 92626-6003
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $263K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $231K
- **Mortgage interest:** $25K
- **Health care:** $5K
- **Jobs reported:** 14
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*