# PPP loan: STERLING AUTOMOTIVE GROUP, INC.
> **$3.79M** approved 04/14/2020 · Paid in Full · Loan `7016537105`
## Borrower
- **Name:** STERLING AUTOMOTIVE GROUP, INC.
- **Address:** 5504 I 49 N SERVICE RD, OPELOUSAS, LA, 70570-0768
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.79M
- **Initial approval:** $3.79M
- **Forgiven:** $3.60M (95%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.79M
- **Jobs reported:** 328
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*