# PPP loan: GATEWAY FORD, INC.
> **$351K** approved 04/06/2020 · Paid in Full · Loan `6453377000`
## Borrower
- **Name:** GATEWAY FORD, INC.
- **Address:** 1133 HIGHWAY 51, PONCHATOULA, LA, 70454-7302
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $351K
- **Initial approval:** $351K
- **Forgiven:** $355K (101%)
- **Forgiveness date:** 04/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $310K
- **Rent:** $23K
- **Utilities:** $6K
- **Health care:** $12K
- **Jobs reported:** 30
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*