# PPP loan: JIM SMOLICH MOTORS INC
> **$1.62M** approved 05/01/2020 · Paid in Full · Loan `5768097707`
## Borrower
- **Name:** JIM SMOLICH MOTORS INC
- **Address:** 1865 NE Highway 20, Bend, OR, 97701
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.16M (72%)
- **Forgiveness date:** 10/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.62M
- **Jobs reported:** 110
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*