# PPP loan: FIRST CHOICE AUTO AUCTION, INC.
> **$560K** approved 04/10/2020 · Paid in Full · Loan `1697317106`
## Borrower
- **Name:** FIRST CHOICE AUTO AUCTION, INC.
- **Address:** 825 Rankin Road, HOUSTON, TX, 77073-4601
- **NAICS:** 425120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $560K
- **Initial approval:** $560K
- **Forgiven:** $566K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $560K
- **Jobs reported:** 38
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*