# PPP loan: LYNN LAYTON CADILLAC-NISSAN INC
> **$514K** approved 04/04/2020 · Paid in Full · Loan `4972907007`
## Borrower
- **Name:** LYNN LAYTON CADILLAC-NISSAN INC
- **Address:** 2402 6TH AVE, DECATUR, AL, 35601-6516
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $514K
- **Initial approval:** $582K
- **Forgiven:** $519K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $462K
- **Mortgage interest:** $51K
- **Jobs reported:** 58
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*