First Motor Group of Los Angeles LLC

$2,125,000 PPP Loan in Los Angeles, California

Loan Details

Loan Number
1335537105
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$2,125,000
Current Approval
$2,125,000
Forgiveness Amount
$2,152,940
Forgiveness Date
Aug 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
First Motor Group of Los Angeles LLC
Address
1945 S Figueroa St 0.0
ZIP Code
90007-1338
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441110)
Franchise
Nissan North America, Inc. - Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
172
Estimated Revenue
$43.3M
Rural/Urban
Urban
Congressional District
CA-37

Loan Use Breakdown

Payroll
$1,500,000
Rent
$380,000
Utilities
$35,000
Health Care
$190,000
Debt Interest
$20,000

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

Other PPP Loans in Los Angeles, CA

BusinessApproved
Los Angeles Philharmonic Association$10,000,000NewBizBotAI Deep Dive
Career Group Inc.$10,000,000NewBizBotAI Deep Dive
Screen Actors Guild-American Federation of Television and Ra$10,000,000NewBizBotAI Deep Dive
Los Angeles Lgbt Center$10,000,000NewBizBotAI Deep Dive
Grill Concepts INC$10,000,000NewBizBotAI Deep Dive

Want to research this company further?