# PPP loan: RAMSEY MOTOR COMPANY INC
> **$394K** approved 04/07/2020 · Paid in Full · Loan `6932077001`
## Borrower
- **Name:** RAMSEY MOTOR COMPANY INC
- **Address:** 502 HIGHWAY 62 65 BYP, HARRISON, AR, 72601-5510
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $394K
- **Initial approval:** $394K
- **Forgiven:** $397K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $295K
- **Rent:** $49K
- **Utilities:** $49K
- **Jobs reported:** 38
## Lender
- **Originating:** CS Bank
- **Servicing:** CS Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*