# PPP loan: DEL MONTELL MOTORS LTD
> **$1.25M** approved 03/16/2021 · Paid in Full · Loan `2897308610`
## Borrower
- **Name:** DEL MONTELL MOTORS LTD
- **Address:** 1127 Santa Monica Blvd, Santa Monica, CA, 90401-3001
- **NAICS:** 441110
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 02/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.25M
- **Jobs reported:** 106
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*