# PPP loan: DOUGLAS MOTORS CORP.
> **$1.72M** approved 04/28/2020 · Paid in Full · Loan `7409087200`
## Borrower
- **Name:** DOUGLAS MOTORS CORP.
- **Address:** 430 Morris Ave, SUMMIT, NJ, 07901
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.72M
- **Initial approval:** $1.72M
- **Forgiven:** $1.74M (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.72M
- **Jobs reported:** 114
## Lender
- **Originating:** Provident Bank
- **Servicing:** Provident Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*