# PPP loan: TOTAL MOTORS LLC
> **$775K** approved 04/03/2020 · Paid in Full · Loan `4353247000`
## Borrower
- **Name:** TOTAL MOTORS LLC
- **Address:** 801 Hawkeye Ave., LE MARS, IA, 51031
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $775K
- **Initial approval:** $775K
- **Forgiven:** $779K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $629K
- **Rent:** $11K
- **Mortgage interest:** $60K
- **Utilities:** $75K
- **Jobs reported:** 54
## Lender
- **Originating:** American Bank, National Association
- **Servicing:** American Bank, National Association (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*