# PPP loan: SAN GABRIEL VALLEY MOTOR CARS INC.
> **$632K** approved 04/05/2020 · Paid in Full · Loan `5090327002`
## Borrower
- **Name:** SAN GABRIEL VALLEY MOTOR CARS INC.
- **Address:** 1305 S MOUNTAIN AVE, MONROVIA, CA, 91016-4203
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $632K
- **Initial approval:** $632K
- **Forgiven:** $637K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $474K
- **Mortgage interest:** $79K
- **Utilities:** $79K
- **Jobs reported:** 56
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*