# PPP loan: LOS ANGELES MOTOR CARS INC.
> **$1.69M** approved 04/05/2020 · Paid in Full · Loan `5362837007`
## Borrower
- **Name:** LOS ANGELES MOTOR CARS INC.
- **Address:** 2025 S. FIGUEROA ST, LOS ANGELES, CA, 90007-1340
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.69M
- **Initial approval:** $1.69M
- **Forgiven:** $1.70M (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Mortgage interest:** $211K
- **Utilities:** $211K
- **Jobs reported:** 125
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*