# PPP loan: MONROE MOTORS, INC.
> **$262K** approved 07/30/2020 · Paid in Full · Loan `1661858207`
## Borrower
- **Name:** MONROE MOTORS, INC.
- **Address:** 121 MCMURRY Road, PARSONS, TN, 38363
- **NAICS:** 336212
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $262K
- **Jobs reported:** 34
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*