# PPP loan: WESTCOTT AUTOMOTIVE
> **$611K** approved 04/11/2020 · Paid in Full · Loan `2888967110`
## Borrower
- **Name:** WESTCOTT AUTOMOTIVE
- **Address:** 2410 S Church St, BURLINGTON, NC, 27215-5202
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $611K
- **Initial approval:** $611K
- **Forgiven:** $616K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $611K
- **Jobs reported:** 49
## Lender
- **Originating:** Ally Bank
- **Servicing:** Ally Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*