# PPP loan: PERFECTION MOTOR CAR LTD
> **$1.15M** approved 04/10/2020 · Paid in Full · Loan `2483807110`
## Borrower
- **Name:** PERFECTION MOTOR CAR LTD
- **Address:** 2603 THE AMERICAN RD SE, RIO RANCHO, NM, 87124-1839
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $918K
- **Mortgage interest:** $230K
- **Jobs reported:** 93
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*