# PPP loan: CROSSROADS FORD OF SANFORD, INC.
> **$505K** approved 04/28/2020 · Paid in Full · Loan `7034787201`
## Borrower
- **Name:** CROSSROADS FORD OF SANFORD, INC.
- **Address:** 3251 NC 87, SANFORD, NC, 27332-9627
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $512K (101%)
- **Forgiveness date:** 10/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $404K
- **Rent:** $74K
- **Utilities:** $27K
- **Jobs reported:** 48
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*