# PPP loan: TOWNE MOTORS, INC.
> **$996K** approved 04/27/2020 · Paid in Full · Loan `4459167205`
## Borrower
- **Name:** TOWNE MOTORS, INC.
- **Address:** 1499 Route 46, LEDGEWOOD, NJ, 07852
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $996K
- **Initial approval:** $996K
- **Forgiven:** $1.00M (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Utilities:** $996K
- **Jobs reported:** 68
## 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*