# PPP loan: EMAG AUTOMOTIVE SHERMAN TX F1 LLC
> **$974K** approved 04/14/2020 · Paid in Full · Loan `6630817101`
## Borrower
- **Name:** EMAG AUTOMOTIVE SHERMAN TX F1 LLC
- **Address:** 2300 Highway 75 North, SHERMAN, TX, 75090-2872
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $974K
- **Initial approval:** $974K
- **Forgiven:** $985K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $974K
- **Jobs reported:** 83
## Lender
- **Originating:** Ally Bank
- **Servicing:** Ally Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*