# PPP loan: LANCASTER MOTOR COMPANY
> **$347K** approved 04/10/2020 · Paid in Full · Loan `1542047103`
## Borrower
- **Name:** LANCASTER MOTOR COMPANY
- **Address:** 1616 Charlotte Hwy, LANCASTER, SC, 29720-6520
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $347K
- **Initial approval:** $347K
- **Forgiven:** $351K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $347K
- **Jobs reported:** 22
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*