# PPP loan: K MOTORS 2, INC.
> **$1.36M** approved 04/13/2020 · Paid in Full · Loan `5446157110`
## Borrower
- **Name:** K MOTORS 2, INC.
- **Address:** 889 Arnele Avenue, EL CAJON, CA, 92020-2503
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.36M
- **Initial approval:** $1.36M
- **Forgiven:** $1.37M (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.36M
- **Jobs reported:** 96
## Lender
- **Originating:** Toyota Financial Savings Bank
- **Servicing:** Toyota Financial Savings Bank (NV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*