# PPP loan: WAITE MOTOR SALES INC.
> **$522K** approved 04/07/2020 · Paid in Full · Loan `6504637007`
## Borrower
- **Name:** WAITE MOTOR SALES INC.
- **Address:** 18406 US ROUTE 11, WATERTOWN, NY, 13601-5327
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $522K
- **Initial approval:** $494K
- **Forgiven:** $526K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $440K
- **Rent:** $40K
- **Utilities:** $8K
- **Debt interest:** $34K
- **Jobs reported:** 39
## Lender
- **Originating:** Watertown Savings Bank
- **Servicing:** Watertown Savings Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*