# PPP loan: L&D MOTORS INC
> **$702K** approved 04/15/2020 · Paid in Full · Loan `9941537101`
## Borrower
- **Name:** L&D MOTORS INC
- **Address:** 20 Palomba Drive, Enfield, CT, 06082
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $702K
- **Initial approval:** $702K
- **Forgiven:** $711K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $519K
- **Rent:** $132K
- **Utilities:** $18K
- **Health care:** $7K
- **Debt interest:** $26K
- **Jobs reported:** 64
## 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*