# PPP loan: PORTER TIRE CENTER, INC.
> **$156K** approved 04/07/2020 · Paid in Full · Loan `7581687009`
## Borrower
- **Name:** PORTER TIRE CENTER, INC.
- **Address:** 18361 W US HIGHWAY 60, OLIVE HILL, KY, 41164-8905
- **NAICS:** 441320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $117K
- **Utilities:** $39K
- **Jobs reported:** 26
## Lender
- **Originating:** The Commercial Bank of Grayson
- **Servicing:** The Commercial Bank of Grayson (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*