# PPP loan: PETERSON AUTOMOTIVE, INC.
> **$858K** approved 04/12/2020 · Paid in Full · Loan `3686017103`
## Borrower
- **Name:** PETERSON AUTOMOTIVE, INC.
- **Address:** 4381 Fayetteville Road, LUMBERTON, NC, 28358-2619
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $858K
- **Initial approval:** $858K
- **Forgiven:** $869K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $858K
- **Jobs reported:** 89
## Lender
- **Originating:** Lumbee Guaranty Bank
- **Servicing:** Lumbee Guaranty Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*