# PPP loan: JONATHAN MOTORCARS INC
> **$153K** approved 04/09/2020 · Paid in Full · Loan `9862377005`
## Borrower
- **Name:** JONATHAN MOTORCARS INC
- **Address:** 4185 Rt 130 South, Edgewater Park, NJ, 08010
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $153K
- **Initial approval:** $153K
- **Forgiven:** $154K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $115K
- **Rent:** $19K
- **Utilities:** $19K
- **Jobs reported:** 11
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*