# PPP loan: BIRMINGHAM LUXURY MOTORS, INC
> **$345K** approved 04/07/2020 · Paid in Full · Loan `7123927001`
## Borrower
- **Name:** BIRMINGHAM LUXURY MOTORS, INC
- **Address:** 3501 4TH AVE, BIRMINGHAM, AL, 35222-2415
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $345K
- **Initial approval:** $345K
- **Forgiven:** $350K (102%)
- **Forgiveness date:** 11/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $259K
- **Rent:** $43K
- **Utilities:** $43K
- **Jobs reported:** 25
## Lender
- **Originating:** Financial Federal Bank
- **Servicing:** Financial Federal Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*