# PPP loan: EURO MOTORCARS GERMANTOWN, LLC
> **$1.60M** approved 04/15/2020 · Paid in Full · Loan `8622607107`
## Borrower
- **Name:** EURO MOTORCARS GERMANTOWN, LLC
- **Address:** 19750 Germantown Road, Germantown, MD, 20874
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.60M
- **Forgiven:** $1.41M (88%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.12M
- **Rent:** $256K
- **Utilities:** $60K
- **Health care:** $165K
- **Jobs reported:** 94
## 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*