# PPP loan: NYC MOTORCARS OF FREEPORT CORP.
> **$344K** approved 02/10/2021 · Paid in Full · Loan `6548228403`
## Borrower
- **Name:** NYC MOTORCARS OF FREEPORT CORP.
- **Address:** 415 W Sunrise Hwy, Freeport, NY, 11520-3118
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $344K
- **Initial approval:** $344K
- **Forgiven:** $347K (101%)
- **Forgiveness date:** 01/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $344K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*