# PPP loan: BOGGUS MOTORS SALES II LLC
> **$1.23M** approved 04/07/2020 · Paid in Full · Loan `7421147001`
## Borrower
- **Name:** BOGGUS MOTORS SALES II LLC
- **Address:** 1400 E US HIGHWAY 83, MCALLEN, TX, 78501-8854
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.25M (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $926K
- **Rent:** $154K
- **Utilities:** $154K
- **Jobs reported:** 155
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*