# PPP loan: BROADWAY MOTORS, INC.
> **$1.42M** approved 04/05/2020 · Paid in Full · Loan `5113567008`
## Borrower
- **Name:** BROADWAY MOTORS, INC.
- **Address:** 1500 RANKIN HWY, MIDLAND, TX, 79701-8117
- **NAICS:** 423130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.44M (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.42M
- **Jobs reported:** 124
## Lender
- **Originating:** Community National Bank
- **Servicing:** Community National Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*