# PPP loan: BILL PENNEY MOTOR COMPANY INC
> **$1.87M** approved 04/05/2020 · Paid in Full · Loan `5354627003`
## Borrower
- **Name:** BILL PENNEY MOTOR COMPANY INC
- **Address:** 4808 UNIVERSITY DR, HUNTSVILLE, AL, 35816-1808
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.87M
- **Initial approval:** $1.87M
- **Forgiven:** $1.88M (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.63M
- **Rent:** $98K
- **Mortgage interest:** $13K
- **Utilities:** $17K
- **Debt interest:** $110K
- **Jobs reported:** 197
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*