# PPP loan: JACK POWELL FORD-MERCURY, LTD
> **$258K** approved 04/07/2020 · Paid in Full · Loan `6879697010`
## Borrower
- **Name:** JACK POWELL FORD-MERCURY, LTD
- **Address:** 1418 SE 1ST ST, MINERAL WELLS, TX, 76067-5510
- **NAICS:** 441110
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $194K
- **Utilities:** $65K
- **Jobs reported:** 20
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*