# PPP loan: LITHIA SPRINGS MOTORCYCLES, INC
> **$342K** approved 04/07/2020 · Paid in Full · Loan `7208057010`
## Borrower
- **Name:** LITHIA SPRINGS MOTORCYCLES, INC
- **Address:** 501 Thornton Rd., LITHIA SPRINGS, GA, 30122-1517
- **NAICS:** 441228
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $342K
- **Initial approval:** $342K
- **Forgiven:** $344K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $261K
- **Rent:** $64K
- **Utilities:** $17K
- **Jobs reported:** 32
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*