# PPP loan: SMITH MOTOR COMPANY INC
> **$641K** approved 04/14/2020 · Paid in Full · Loan `5799337100`
## Borrower
- **Name:** SMITH MOTOR COMPANY INC
- **Address:** 359 Route 31 S, Washington, NJ, 07882
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $641K
- **Initial approval:** $641K
- **Forgiven:** $647K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $513K
- **Mortgage interest:** $64K
- **Utilities:** $64K
- **Jobs reported:** 43
## Lender
- **Originating:** First Hope Bank, A National Banking Association
- **Servicing:** First Hope Bank, A National Banking Association (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*