# PPP loan: FLORIDA BEST MOTORS CORP
> **$200K** approved 03/06/2021 · Exemption 4 · Loan `7694658504`
## Borrower
- **Name:** FLORIDA BEST MOTORS CORP
- **Address:** 10677 NW 122nd St Unit 13, Medley, FL, 33178-3180
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $141K (70%)
- **Forgiveness date:** 08/04/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $200K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*