# PPP loan: FRANKS FOREIGN CARS SERVICE INC
> **$1.78M** approved 04/15/2020 · Paid in Full · Loan `8570607104`
## Borrower
- **Name:** FRANKS FOREIGN CARS SERVICE INC
- **Address:** 23663 Rockfield Blvd, LAKE FOREST, CA, 92630
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.78M
- **Initial approval:** $1.78M
- **Forgiven:** $1.80M (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.78M
- **Jobs reported:** 111
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*