# PPP loan: MODESTO MOTOR CARS INC
> **$711K** approved 04/27/2020 · Paid in Full · Loan `3988067200`
## Borrower
- **Name:** MODESTO MOTOR CARS INC
- **Address:** 4701 McHenry Avenue, MODESTO, CA, 95356
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $711K
- **Initial approval:** $711K
- **Forgiven:** $724K (102%)
- **Forgiveness date:** 02/25/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $711K
- **Jobs reported:** 54
## Lender
- **Originating:** Toyota Financial Savings Bank
- **Servicing:** Toyota Financial Savings Bank (NV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*