# PPP loan: HORNE MOTORS OF GILBERT, LLC
> **$973K** approved 04/13/2020 · Paid in Full · Loan `4557487102`
## Borrower
- **Name:** HORNE MOTORS OF GILBERT, LLC
- **Address:** 1465 E Motorplex Loop, Gilbert, AZ, GILBERT, AZ, 85297-0403
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $973K
- **Initial approval:** $973K
- **Forgiven:** $984K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $730K
- **Rent:** $135K
- **Utilities:** $25K
- **Health care:** $18K
- **Debt interest:** $65K
- **Jobs reported:** 80
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*