# PPP loan: CARCO CARRIAGE CORPORATION
> **$1.00M** approved 04/04/2020 · Paid in Full · Loan `4968057009`
## Borrower
- **Name:** CARCO CARRIAGE CORPORATION
- **Address:** 2905 North 32nd, FORT SMITH, AR, 72904-4202
- **NAICS:** 532111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $753K
- **Rent:** $50K
- **Mortgage interest:** $50K
- **Utilities:** $50K
- **Health care:** $50K
- **Debt interest:** $50K
- **Jobs reported:** 128
## Lender
- **Originating:** The First National Bank of Fort Smith
- **Servicing:** The First National Bank of Fort Smith (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*