# PPP loan: 1123 MOTORS
> **$154K** approved 06/29/2020 · Charged Off · Loan `5568778004`
## Borrower
- **Name:** 1123 MOTORS
- **Address:** 455 Hempstead Turnpike, West Hempstead, NY, 11510
- **NAICS:** 441120
- **Business type:** Self-Employed Individuals
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Status:** Charged Off
- **Term:** 23 months
## Use of funds
- **Payroll:** $154K
- **Jobs reported:** 6
## Lender
- **Originating:** Kabbage, Inc.
- **Servicing:** Lendistry-Federal Reserve Contract (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*