# PPP loan: SALE AUTO MALL, INC.
> **$709K** approved 04/07/2020 · Paid in Full · Loan `7603187003`
## Borrower
- **Name:** SALE AUTO MALL, INC.
- **Address:** 1053 Highway 258 N, KINSTON, NC, 28504
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $709K
- **Initial approval:** $709K
- **Forgiven:** $716K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $709K
- **Jobs reported:** 71
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*