# PPP loan: DORSEY TIRE CO
> **$1.28M** approved 04/05/2020 · Paid in Full · Loan `5299337006`
## Borrower
- **Name:** DORSEY TIRE CO
- **Address:** 1476 US HWY 80 E, POOLER, GA, 31322
- **NAICS:** 441320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.28M
- **Initial approval:** $1.28M
- **Forgiven:** $1.29M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Rent:** $128K
- **Utilities:** $128K
- **Jobs reported:** 125
## Lender
- **Originating:** Queensborough National Bank and Trust Company
- **Servicing:** Queensborough National Bank and Trust Company (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*