# PPP loan: ACRES AUTOMOTIVE INC.
> **$261K** approved 04/29/2020 · Paid in Full · Loan `4037797304`
## Borrower
- **Name:** ACRES AUTOMOTIVE INC.
- **Address:** 9720 PULASKI HWY, MIDDLE RIVER, MD, 21220-1408
- **NAICS:** 811118
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $263K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $261K
- **Jobs reported:** 18
## Lender
- **Originating:** Orrstown Bank
- **Servicing:** Orrstown Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*