# PPP loan: LUGOFF AUTOMOTIVE LLC
> **$615K** approved 04/07/2020 · Paid in Full · Loan `6974947000`
## Borrower
- **Name:** LUGOFF AUTOMOTIVE LLC
- **Address:** 979 US Hwy 1 South, LUGOFF, SC, 29078
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $615K
- **Initial approval:** $615K
- **Forgiven:** $619K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Mortgage interest:** $65K
- **Utilities:** $50K
- **Jobs reported:** 48
## Lender
- **Originating:** First Palmetto Bank
- **Servicing:** First Palmetto Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*