# PPP loan: ARMSTRONG MOTORS, INC
> **$864K** approved 04/27/2020 · Paid in Full · Loan `5676797207`
## Borrower
- **Name:** ARMSTRONG MOTORS, INC
- **Address:** 20000 Mcloughlin Blvd, GLADSTONE, OR, 97027
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $864K
- **Initial approval:** $864K
- **Forgiven:** $872K (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $691K
- **Rent:** $97K
- **Utilities:** $20K
- **Health care:** $40K
- **Debt interest:** $16K
- **Jobs reported:** 59
## Lender
- **Originating:** Lewis & Clark Bank
- **Servicing:** Lewis & Clark Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*