# PPP loan: TIPTON MOTORS INC
> **$1.61M** approved 01/20/2021 · Paid in Full · Loan `2367728305`
## Borrower
- **Name:** TIPTON MOTORS INC
- **Address:** 3840 N Expressway, Brownsville, TX, 78526-4007
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.61M
- **Initial approval:** $1.61M
- **Forgiven:** $1.61M (100%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.61M
- **Utilities:** $1
- **Jobs reported:** 147
## Lender
- **Originating:** First Community Bank
- **Servicing:** First Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*