# PPP loan: ORR MOTORS OF WACO TWO, INC
> **$228K** approved 04/07/2020 · Paid in Full · Loan `7086847001`
## Borrower
- **Name:** ORR MOTORS OF WACO TWO, INC
- **Address:** 1501 W LOOP 340, Waco, TX, 76712-6849
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $229K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $205K
- **Rent:** $23K
- **Jobs reported:** 47
## Lender
- **Originating:** The First National Bank of McGregor d/b/a TFNB Your Bank for Life
- **Servicing:** The First National Bank of McGregor d/b/a TFNB Your Bank for Life (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*