# PPP loan: IOT MOTORCYCLES LLC
> **$323K** approved 04/09/2020 · Paid in Full · Loan `9947337003`
## Borrower
- **Name:** IOT MOTORCYCLES LLC
- **Address:** 4037 N. Oracle Rd. Tucson, Arizona, Tucson, AZ, 85705-2719
- **NAICS:** 441228
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $323K
- **Initial approval:** $323K
- **Forgiven:** $327K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $260K
- **Mortgage interest:** $53K
- **Utilities:** $3K
- **Health care:** $7K
- **Jobs reported:** 22
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*