# PPP loan: L2 AUTOMOTIVE INC.
> **$693K** approved 04/28/2020 · Paid in Full · Loan `7094937200`
## Borrower
- **Name:** L2 AUTOMOTIVE INC.
- **Address:** 291 Main Street, New Rochelle, NY, 10801
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $693K
- **Initial approval:** $693K
- **Forgiven:** $702K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $693K
- **Jobs reported:** 64
## Lender
- **Originating:** Webster Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*