# PPP loan: MOTOLEASE FUNDING, LLC
> **$1.13M** approved 04/07/2020 · Paid in Full · Loan `7208897004`
## Borrower
- **Name:** MOTOLEASE FUNDING, LLC
- **Address:** 5200 W CENTURY BLVD, STE 750, LOS ANGELES, CA, 90045-5900
- **NAICS:** 525990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.14M (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.13M
- **Jobs reported:** 115
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*