# PPP loan: DOWNS FORD INC
> **$712K** approved 04/07/2020 · Paid in Full · Loan `6556877000`
## Borrower
- **Name:** DOWNS FORD INC
- **Address:** 360 ROUTE 37 E, TOMS RIVER, NJ, 08753-5538
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $712K
- **Initial approval:** $712K
- **Forgiven:** $719K (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $712K
- **Jobs reported:** 60
## Lender
- **Originating:** OceanFirst Bank, National Association
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*