# PPP loan: STOKES TIRE AND AUTOMOTIVE INC
> **$251K** approved 04/29/2020 · Paid in Full · Loan `4236717305`
## Borrower
- **Name:** STOKES TIRE AND AUTOMOTIVE INC
- **Address:** 557 S MAIN ST, KING, NC, 27021-9015
- **NAICS:** 811111
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $251K
- **Jobs reported:** 27
## 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*