# PPP loan: COSMO MOTORS INC
> **$375K** approved 04/10/2020 · Paid in Full · Loan `1754087106`
## Borrower
- **Name:** COSMO MOTORS INC
- **Address:** 545 12th St Dr NW, HICKORY, NC, 28601-2703
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $375K
- **Initial approval:** $375K
- **Forgiven:** $380K (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Rent:** $25K
- **Utilities:** $39K
- **Health care:** $12K
- **Jobs reported:** 33
## 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*