# PPP loan: PATTERSON MOTORS OF TYLER 2, INC.
> **$1.30M** approved 04/06/2020 · Paid in Full · Loan `5989537004`
## Borrower
- **Name:** PATTERSON MOTORS OF TYLER 2, INC.
- **Address:** 3120 SOUTHWEST LOOP 323, TYLER, TX, 75701-9201
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.31M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Jobs reported:** 110
## Lender
- **Originating:** Farmers Bank & Trust Company
- **Servicing:** Farmers Bank & Trust Company (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*