# PPP loan: K MOTORS, INC.
> **$2.49M** approved 04/12/2020 · Paid in Full · Loan `4071467107`
## Borrower
- **Name:** K MOTORS, INC.
- **Address:** 965 ARNELE AVENUE, EL CAJON, CA, 92020-2591
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.49M
- **Initial approval:** $2.49M
- **Forgiven:** $2.52M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.49M
- **Jobs reported:** 184
## 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*