# PPP loan: BEAMER TIRE & AUTO REPAIR, INC.
> **$297K** approved 04/28/2020 · Paid in Full · Loan `6468627202`
## Borrower
- **Name:** BEAMER TIRE & AUTO REPAIR, INC.
- **Address:** 245 East Parris Avenue, High Point, NC, 27262-7710
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $297K
- **Initial approval:** $297K
- **Forgiven:** $300K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Rent:** $45K
- **Utilities:** $2K
- **Jobs reported:** 25
## Lender
- **Originating:** Transportation Alliance Bank, Inc. d/b/a TAB Bank
- **Servicing:** Transportation Alliance Bank, Inc. d/b/a TAB Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*