# PPP loan: HOMETOWN AUTO & CREDIT INC
> **$200K** approved 05/05/2021 · Paid in Full · Loan `7008658908`
## Borrower
- **Name:** HOMETOWN AUTO & CREDIT INC
- **Address:** 2915 N Main St, High Point, NC, 27265-1936
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 01/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $200K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*