# PPP loan: TUSCALOOSA HYUNDAI INC.
> **$1.15M** approved 04/05/2020 · Paid in Full · Loan `5175307006`
## Borrower
- **Name:** TUSCALOOSA HYUNDAI INC.
- **Address:** 3831 HARGROVE RD E, TUSCALOOSA, AL, 35405-3423
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $865K
- **Rent:** $144K
- **Utilities:** $144K
- **Jobs reported:** 91
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*