# PPP loan: GMP CARS LLC
> **$1.73M** approved 04/07/2020 · Charged Off · Loan `7267267003`
## Borrower
- **Name:** GMP CARS LLC
- **Address:** 20 PIMENTEL CT STE C4, NOVATO, CA, 94949-5608
- **NAICS:** 441120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.73M
- **Initial approval:** $1.73M
- **Status:** Charged Off
- **Term:** 8 months
## Use of funds
- **Payroll:** $1.24M
- **Rent:** $226K
- **Mortgage interest:** $20K
- **Utilities:** $100K
- **Health care:** $125K
- **Debt interest:** $27K
- **Jobs reported:** 133
## Lender
- **Originating:** CalPrivate Bank
- **Servicing:** CalPrivate Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*