# PPP loan: FRANKLIN FORD-MERCURY, INC
> **$532K** approved 04/29/2020 · Paid in Full · Loan `4071117303`
## Borrower
- **Name:** FRANKLIN FORD-MERCURY, INC
- **Address:** 19999 VIRGIL H GOODE HWY, ROCKY MOUNT, VA, 24151-3410
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $532K
- **Initial approval:** $532K
- **Forgiven:** $539K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $399K
- **Utilities:** $133K
- **Jobs reported:** 43
## Lender
- **Originating:** The National Bank of Blacksburg
- **Servicing:** The National Bank of Blacksburg (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*