# PPP loan: AUTO 8700 INC
> **$162K** approved 04/27/2020 · Paid in Full · Loan `6255667210`
## Borrower
- **Name:** AUTO 8700 INC
- **Address:** 8700 Lambright Rd, Houston, TX, 77075
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 03/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $122K
- **Rent:** $24K
- **Utilities:** $16K
- **Jobs reported:** 19
## Lender
- **Originating:** Wallis Bank
- **Servicing:** Wallis Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*