# PPP loan: J&M MOTORS OF HEMPSTEAD LLC
> **$599K** approved 04/27/2020 · Paid in Full · Loan `3983727209`
## Borrower
- **Name:** J&M MOTORS OF HEMPSTEAD LLC
- **Address:** 220 North Franklin Street, Hempstead, NY, 11550
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $599K
- **Initial approval:** $599K
- **Forgiven:** $606K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $449K
- **Rent:** $130K
- **Utilities:** $20K
- **Jobs reported:** 52
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*