# PPP loan: DESOTO AUTO SALES LLC
> **$276K** approved 04/07/2020 · Paid in Full · Loan `7053657007`
## Borrower
- **Name:** DESOTO AUTO SALES LLC
- **Address:** 5704 GOODMAN RD, OLIVE BRANCH, MS, 38654-9707
- **NAICS:** 441120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $276K
- **Initial approval:** $256K
- **Forgiven:** $278K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Mortgage interest:** $28K
- **Utilities:** $28K
- **Jobs reported:** 22
## Lender
- **Originating:** The Citizens National Bank of Meridian
- **Servicing:** The Citizens National Bank of Meridian (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*