# PPP loan: GAR ALAN SMITH II
> **$161K** approved 06/01/2020 · Paid in Full · Loan `6252707802`
## Borrower
- **Name:** GAR ALAN SMITH II
- **Address:** 1210 SMITH FARM RD, STONY POINT, NC, 28678-9158
- **NAICS:** 112120
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Rent:** $3K
- **Mortgage interest:** $14K
- **Utilities:** $15K
- **Jobs reported:** 21
## Lender
- **Originating:** Carolina Farm Credit, ACA
- **Servicing:** AgSouth Farm Credit, ACA (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*