# PPP loan: PROCTER AUTOMOTIVE, INC.
> **$166K** approved 04/15/2020 · Paid in Full · Loan `1076547200`
## Borrower
- **Name:** PROCTER AUTOMOTIVE, INC.
- **Address:** 1325 BUTTERNUT ST, ABILENE, TX, 79602-3716
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $166K
- **Initial approval:** $166K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Jobs reported:** 16
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*