# PPP loan: PRIORITY AUTOMOTIVE OF NEWPORT LLC
> **$285K** approved 03/31/2021 · Paid in Full · Loan `3256738702`
## Borrower
- **Name:** PRIORITY AUTOMOTIVE OF NEWPORT LLC
- **Address:** 1133 W Main Rd, Middletown, RI, 02842-6337
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $285K
- **Initial approval:** $285K
- **Forgiven:** $288K (101%)
- **Forgiveness date:** 05/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $285K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*