# PPP loan: EDISON MOTOR SALES LLC
> **$1.01M** approved 03/24/2021 · Paid in Full · Loan `8335708607`
## Borrower
- **Name:** EDISON MOTOR SALES LLC
- **Address:** 401 US Highway 1, Edison, NJ, 08817-4432
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.01M
- **Utilities:** $1
- **Jobs reported:** 88
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*