# PPP loan: MOREHEAD AUTO SALES INC.
> **$939K** approved 04/10/2020 · Paid in Full · Loan `2162017108`
## Borrower
- **Name:** MOREHEAD AUTO SALES INC.
- **Address:** 5247 ROUTE 9W, NEWBURGH, NY, 12550-1482
- **NAICS:** 423110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $939K
- **Initial approval:** $939K
- **Forgiven:** $951K (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $939K
- **Jobs reported:** 68
## Lender
- **Originating:** NBT Bank National Association
- **Servicing:** NBT Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*