# PPP loan: CLONINGER FORD, INC.
> **$1.22M** approved 04/14/2020 · Paid in Full · Loan `6561367103`
## Borrower
- **Name:** CLONINGER FORD, INC.
- **Address:** 511 Jake Alexander Blvd, SALISBURY, NC, 28147-9055
- **NAICS:** 454390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.22M
- **Jobs reported:** 112
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*