# PPP loan: CONTINENTAL MOTOR COMPANY INC
> **$1.60M** approved 04/10/2020 · Paid in Full · Loan `2559977101`
## Borrower
- **Name:** CONTINENTAL MOTOR COMPANY INC
- **Address:** 5115 OLD SEWARD HWY, ANCHORAGE, AK, 99503
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.60M
- **Forgiven:** $1.62M (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.28M
- **Rent:** $274K
- **Utilities:** $46K
- **Jobs reported:** 110
## Lender
- **Originating:** First National Bank Alaska
- **Servicing:** First National Bank Alaska (AK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*