# PPP loan: COLONIAL AUTO MALL INC
> **$581K** approved 04/11/2020 · Paid in Full · Loan `3621937107`
## Borrower
- **Name:** COLONIAL AUTO MALL INC
- **Address:** 1121 Ocean Ave, LAKEWOOD, NJ, 08701-4515
- **NAICS:** 441210
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $581K
- **Initial approval:** $581K
- **Forgiven:** $585K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $581K
- **Jobs reported:** 40
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*