# PPP loan: MOTION AUTOMOTIVE INC.
> **$249K** approved 02/11/2021 · Paid in Full · Loan `7044998401`
## Borrower
- **Name:** MOTION AUTOMOTIVE INC.
- **Address:** 111 Ledgewood Ave, Netcong, NJ, 07857-1501
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $251K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $249K
- **Jobs reported:** 19
## 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*