# PPP loan: PANAMA CITY AUTOMOTIVE GROUP INC
> **$1.48M** approved 04/10/2020 · Paid in Full · Loan `1316797107`
## Borrower
- **Name:** PANAMA CITY AUTOMOTIVE GROUP INC
- **Address:** 120 E 23RD ST, PANAMA CITY, FL, 32405-4502
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.50M (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.48M
- **Jobs reported:** 125
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*