# PPP loan: ARTESIA FORD SALES
> **$263K** approved 04/06/2020 · Paid in Full · Loan `5989637010`
## Borrower
- **Name:** ARTESIA FORD SALES
- **Address:** 1ST ST, ARTESIA, NM, 88210-2106
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $263K
- **Initial approval:** $307K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Rent:** $8K
- **Utilities:** $3K
- **Health care:** $12K
- **Jobs reported:** 18
## Lender
- **Originating:** Western Bank, Artesia, New Mexico
- **Servicing:** Western Bank, Artesia, New Mexico (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*