# PPP loan: TAYLOR MOTOR COMPANY OF WAYNESVILLE
> **$583K** approved 04/12/2020 · Paid in Full · Loan `4070077106`
## Borrower
- **Name:** TAYLOR MOTOR COMPANY OF WAYNESVILLE
- **Address:** 524 Russ Ave, WAYNESVILLE, NC, 28786-2936
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $583K
- **Initial approval:** $583K
- **Forgiven:** $474K (81%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $583K
- **Jobs reported:** 46
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*