# PPP loan: ORR MOTORS OF WACO, INC
> **$493K** approved 04/07/2020 · Paid in Full · Loan `7171387010`
## Borrower
- **Name:** ORR MOTORS OF WACO, INC
- **Address:** 1601 W LOOP 340, WOODWAY, TX, 76712-6850
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $493K
- **Initial approval:** $493K
- **Forgiven:** $498K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $444K
- **Rent:** $49K
- **Jobs reported:** 71
## 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*