# PPP loan: SMACKOVER MOTORS, INC
> **$158K** approved 04/05/2020 · Paid in Full · Loan `5523837009`
## Borrower
- **Name:** SMACKOVER MOTORS, INC
- **Address:** 4355 SMACKOVER HWY, SMACKOVER, AR, 71762-9530
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $119K
- **Utilities:** $40K
- **Jobs reported:** 16
## Lender
- **Originating:** Generations Bank
- **Servicing:** Generations Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*