# PPP loan: ULTIMATE MOTORS INC.
> **$234K** approved 04/08/2020 · Paid in Full · Loan `8093967005`
## Borrower
- **Name:** ULTIMATE MOTORS INC.
- **Address:** 500 N FEDERAL HWY, POMPANO BEACH, FL, 33062-4330
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $234K
- **Initial approval:** $234K
- **Forgiven:** $237K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $234K
- **Jobs reported:** 18
## Lender
- **Originating:** Seacoast National Bank
- **Servicing:** Seacoast National Bank (FL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*