# PPP loan: SAMS CAR WASH INC.
> **$324K** approved 02/18/2021 · Paid in Full · Loan `1142738509`
## Borrower
- **Name:** SAMS CAR WASH INC.
- **Address:** 1022 W Innes St 1022 West Innes St Salisbury Nc 28144, Salisbury, NC, 28144-4039
- **NAICS:** 811192
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $327K (101%)
- **Forgiveness date:** 01/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $324K
- **Utilities:** $1
- **Jobs reported:** 63
## Lender
- **Originating:** Farmers and Merchants Bank
- **Servicing:** Farmers and Merchants Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*