# PPP loan: JAMES WOOD MOTORS, INC.
> **$2.38M** approved 04/11/2020 · Paid in Full · Loan `2838937103`
## Borrower
- **Name:** JAMES WOOD MOTORS, INC.
- **Address:** 2111 S US HWY 287, Decatur, TX, 76234-2722
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.38M
- **Initial approval:** $2.38M
- **Forgiven:** $2.41M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.74M
- **Rent:** $400K
- **Utilities:** $40K
- **Health care:** $109K
- **Debt interest:** $100K
- **Jobs reported:** 184
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*