# PPP loan: FRANSSEN MOTORS INC
> **$224K** approved 04/13/2020 · Paid in Full · Loan `4771777107`
## Borrower
- **Name:** FRANSSEN MOTORS INC
- **Address:** 33345 STATE ROUTE 20, OAK HARBOR, WA, 98277-8718
- **NAICS:** 532412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $224K
- **Jobs reported:** 17
## Lender
- **Originating:** Heritage Bank
- **Servicing:** Heritage Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*