# PPP loan: SANTA MONICA MOTOR GROUP
> **$570K** approved 05/02/2020 · Paid in Full · Loan `9537967306`
## Borrower
- **Name:** SANTA MONICA MOTOR GROUP
- **Address:** 3219 SANTA MONICA BLVD, SANTA MONICA, CA, 90404-2605
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $570K
- **Initial approval:** $570K
- **Forgiven:** $575K (101%)
- **Forgiveness date:** 03/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $570K
- **Jobs reported:** 50
## Lender
- **Originating:** Wallis Bank
- **Servicing:** Wallis Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*