# PPP loan: FAIRWAY FORD MERCURY, INC
> **$488K** approved 04/07/2020 · Paid in Full · Loan `7021907005`
## Borrower
- **Name:** FAIRWAY FORD MERCURY, INC
- **Address:** 301 Highway 79 S., HENDERSON, TX, 75654-3607
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $488K
- **Initial approval:** $488K
- **Forgiven:** $491K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $366K
- **Rent:** $98K
- **Utilities:** $15K
- **Debt interest:** $10K
- **Jobs reported:** 54
## Lender
- **Originating:** Origin Bank
- **Servicing:** Origin Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*