# PPP loan: NEW LOUDON MOTOR CARS, INC.
> **$518K** approved 04/15/2020 · Paid in Full · Loan `8184207104`
## Borrower
- **Name:** NEW LOUDON MOTOR CARS, INC.
- **Address:** 999 New Loudon Road, Latham, NY, 12110
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $458K (88%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $388K
- **Rent:** $83K
- **Utilities:** $19K
- **Health care:** $28K
- **Jobs reported:** 47
## 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*