# PPP loan: SAN FERNANDO MOTOR COMPANY
> **$1.57M** approved 04/11/2020 · Paid in Full · Loan `3525867110`
## Borrower
- **Name:** SAN FERNANDO MOTOR COMPANY
- **Address:** 700 San Fernando Rd, SAN FERNANDO, CA, 91340-3307
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.57M
- **Initial approval:** $1.57M
- **Forgiven:** $1.59M (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.18M
- **Rent:** $197K
- **Utilities:** $197K
- **Jobs reported:** 117
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*