# PPP loan: BASSWOOD AUTO GROUP, LLC
> **$351K** approved 04/07/2020 · Paid in Full · Loan `7532907007`
## Borrower
- **Name:** BASSWOOD AUTO GROUP, LLC
- **Address:** 1151 GAULT AVE S, FORT PAYNE, AL, 35967-4973
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $351K
- **Initial approval:** $351K
- **Forgiven:** $355K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $264K
- **Mortgage interest:** $44K
- **Utilities:** $44K
- **Jobs reported:** 28
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*