# PPP loan: L & D MOTORS INC.
> **$702K** approved 05/11/2021 · Paid in Full · Loan `7952498900`
## Borrower
- **Name:** L & D MOTORS INC.
- **Address:** 20 Palomba Dr, Enfield, CT, 06082-3802
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $702K
- **Initial approval:** $702K
- **Forgiven:** $723K (103%)
- **Forgiveness date:** 06/03/2024
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $702K
- **Utilities:** $1
- **Jobs reported:** 51
## Lender
- **Originating:** New York Business Development Corporation
- **Servicing:** New York Business Development Corporation (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*