# PPP loan: LAFONTAINE IMPORT MOTORS INC
> **$673K** approved 04/05/2020 · Paid in Full · Loan `5109097006`
## Borrower
- **Name:** LAFONTAINE IMPORT MOTORS INC
- **Address:** 2245 TELEGRAPH RD, DEARBORN, MI, 48124-2554
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $673K
- **Initial approval:** $673K
- **Forgiven:** $680K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $673K
- **Jobs reported:** 83
## Lender
- **Originating:** The State Bank
- **Servicing:** The State Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*