# PPP loan: MEYER-EARP AUTO CENTER INC.
> **$427K** approved 04/05/2020 · Paid in Full · Loan `5149487010`
## Borrower
- **Name:** MEYER-EARP AUTO CENTER INC.
- **Address:** 1100 E Street, AUBURN, NE, 68305-1230
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $331K
- **Rent:** $60K
- **Mortgage interest:** $17K
- **Utilities:** $9K
- **Health care:** $3K
- **Debt interest:** $7K
- **Jobs reported:** 42
## Lender
- **Originating:** Auburn State Bank
- **Servicing:** Auburn State Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*