# PPP loan: FERRARI OF CENTRAL FLORIDA, INC.
> **$576K** approved 04/29/2020 · Paid in Full · Loan `4240327309`
## Borrower
- **Name:** FERRARI OF CENTRAL FLORIDA, INC.
- **Address:** 525 south lake destiny drive, orlando, FL, 32810
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $576K
- **Initial approval:** $576K
- **Forgiven:** $583K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $460K
- **Rent:** $86K
- **Utilities:** $29K
- **Jobs reported:** 43
## Lender
- **Originating:** Farmers State Bank of Alto Pass, Illinois
- **Servicing:** Farmers State Bank of Alto Pass, Illinois (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*