# PPP loan: KEN STOEPEL FORD, INC
> **$1.08M** approved 04/07/2020 · Paid in Full · Loan `6910787001`
## Borrower
- **Name:** KEN STOEPEL FORD, INC
- **Address:** 400 SIDNEY BAKER ST, KERRVILLE, TX, 78028-5919
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.09M (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $963K
- **Rent:** $109K
- **Utilities:** $12K
- **Jobs reported:** 74
## Lender
- **Originating:** Centennial Bank
- **Servicing:** Centennial Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*