# PPP loan: CROSSROADS NISSAN, INC
> **$695K** approved 04/28/2020 · Paid in Full · Loan `7050167203`
## Borrower
- **Name:** CROSSROADS NISSAN, INC
- **Address:** 11120 CAPITAL BLVD, WAKE FOREST, NC, 27587-4513
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $695K
- **Initial approval:** $695K
- **Forgiven:** $705K (101%)
- **Forgiveness date:** 10/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $556K
- **Mortgage interest:** $139K
- **Jobs reported:** 64
## 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*