# PPP loan: LIGHTNING MOTORS CORPORATION
> **$166K** approved 01/31/2021 · Exemption 4 · Loan `9722938306`
## Borrower
- **Name:** LIGHTNING MOTORS CORPORATION
- **Address:** 2360 Technology Pkwy, Hollister, CA, 95023-2512
- **NAICS:** 336991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $166K
- **Initial approval:** $166K
- **Forgiven:** $123K (75%)
- **Forgiveness date:** 11/10/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $166K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*