# PPP loan: WORLDWIDE MOTORS LTD
> **$4.22M** approved 04/15/2020 · Paid in Full · Loan `8018647101`
## Borrower
- **Name:** WORLDWIDE MOTORS LTD
- **Address:** 57-02 Northern blvd, WOODSIDE, NY, 11377-2223
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.22M
- **Initial approval:** $1.64M
- **Forgiven:** $4.27M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.38M
- **Rent:** $541K
- **Mortgage interest:** $12K
- **Utilities:** $30K
- **Health care:** $261K
- **Jobs reported:** 123
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*