# PPP loan: MOTORAMBAR INC.
> **$1.97M** approved 02/08/2021 · Paid in Full · Loan `5305498404`
## Borrower
- **Name:** MOTORAMBAR INC.
- **Address:** Westgate Industrial Park Calle 2 Esq 3, Catano, PR, 00962
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.97M
- **Initial approval:** $1.97M
- **Forgiven:** $1.98M (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.97M
- **Jobs reported:** 188
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*