# PPP loan: CARL HOGAN MOTORS INC.
> **$423K** approved 04/13/2020 · Paid in Full · Loan `5055507100`
## Borrower
- **Name:** CARL HOGAN MOTORS INC.
- **Address:** 3621 HIGHWAY 45 N, COLUMBUS, MS, 39705-1640
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $423K
- **Initial approval:** $423K
- **Forgiven:** $426K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $372K
- **Utilities:** $51K
- **Jobs reported:** 30
## Lender
- **Originating:** Community Bank of Mississippi
- **Servicing:** Community Bank of Mississippi (MS)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*