# PPP loan: LIPSCOMB AUTO CENTER, INC.
> **$409K** approved 04/03/2020 · Paid in Full · Loan `4553957006`
## Borrower
- **Name:** LIPSCOMB AUTO CENTER, INC.
- **Address:** 14135 US 287 Frontage Road, BOWIE, TX, 76230-6104
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $409K
- **Initial approval:** $409K
- **Forgiven:** $413K (101%)
- **Forgiveness date:** 03/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $409K
- **Jobs reported:** 30
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*