# PPP loan: NEWPORT BEACH FERRARI/MASERATI
> **$252K** approved 02/05/2021 · Paid in Full · Loan `3935468401`
## Borrower
- **Name:** NEWPORT BEACH FERRARI/MASERATI
- **Address:** 2975 Airway Ave, Costa Mesa, CA, 92626-6003
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $252K
- **Initial approval:** $252K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 05/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $252K
- **Jobs reported:** 22
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*