# PPP loan: GILBERT & BAUGH FORD INC
> **$575K** approved 04/10/2020 · Paid in Full · Loan `1365587110`
## Borrower
- **Name:** GILBERT & BAUGH FORD INC
- **Address:** 10195 US HIGHWAY 431, ALBERTVILLE, AL, 35950-0134
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $575K
- **Initial approval:** $575K
- **Forgiven:** $579K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $460K
- **Mortgage interest:** $68K
- **Utilities:** $32K
- **Health care:** $15K
- **Jobs reported:** 49
## Lender
- **Originating:** First Southern State Bank
- **Servicing:** First Southern State Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*