# PPP loan: SPRINGFIELD MOTORCARS INC
> **$819K** approved 04/28/2020 · Paid in Full · Loan `7832217210`
## Borrower
- **Name:** SPRINGFIELD MOTORCARS INC
- **Address:** 243 Route 22 East, SPRINGFIELD, NJ, 07081
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $819K
- **Initial approval:** $819K
- **Forgiven:** $823K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $819K
- **Jobs reported:** 61
## Lender
- **Originating:** Somerset Regal Bank
- **Servicing:** Somerset Regal Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*