# PPP loan: ISLAND AUTOMALL, LLC
> **$205K** approved 04/14/2020 · Paid in Full · Loan `7020517102`
## Borrower
- **Name:** ISLAND AUTOMALL, LLC
- **Address:** 185 West Sunrise Highway, Freeport, NY, 11520
- **NAICS:** 441120
- **Business type:** Sole Proprietorship
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $205K
- **Jobs reported:** 30
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*