# PPP loan: MOTION MOTORS MOUNT OLIVE, INC.
> **$276K** approved 04/15/2020 · Paid in Full · Loan `9980147105`
## Borrower
- **Name:** MOTION MOTORS MOUNT OLIVE, INC.
- **Address:** 30 Church Street, Netcong, NJ, 07857
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $276K
- **Initial approval:** $276K
- **Forgiven:** $280K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Mortgage interest:** $28K
- **Utilities:** $28K
- **Jobs reported:** 19
## Lender
- **Originating:** First Hope Bank, A National Banking Association
- **Servicing:** First Hope Bank, A National Banking Association (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*