# PPP loan: HORNE MOTORS OF TEMPE, LLC
> **$525K** approved 04/14/2020 · Paid in Full · Loan `6624857106`
## Borrower
- **Name:** HORNE MOTORS OF TEMPE, LLC
- **Address:** 7777 S Test DR, Tempe, AZ, TEMPE, AZ, 85284
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $525K
- **Initial approval:** $525K
- **Forgiven:** $531K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $394K
- **Rent:** $80K
- **Mortgage interest:** $17K
- **Utilities:** $14K
- **Health care:** $20K
- **Jobs reported:** 42
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*