# PPP loan: CHAMPION FORD LINCOLN INC
> **$280K** approved 04/11/2020 · Paid in Full · Loan `3654847100`
## Borrower
- **Name:** CHAMPION FORD LINCOLN INC
- **Address:** 706 E Highway 74, ROCKINGHAM, NC, 28379-7524
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $287K (102%)
- **Forgiveness date:** 08/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $224K
- **Mortgage interest:** $7K
- **Utilities:** $8K
- **Health care:** $10K
- **Debt interest:** $31K
- **Jobs reported:** 28
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*