# PPP loan: LAKEWOOD MOTORS LLC
> **$333K** approved 03/06/2021 · Paid in Full · Loan `7426628510`
## Borrower
- **Name:** LAKEWOOD MOTORS LLC
- **Address:** 1320 Ocean Ave, Lakewood, NJ, 08701-4518
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $333K
- **Initial approval:** $333K
- **Forgiven:** $337K (101%)
- **Forgiveness date:** 05/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $333K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Ally Bank
- **Servicing:** Ally Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*