# PPP loan: FIRST AUTO CONNECTION INC
> **$1.07M** approved 04/28/2020 · Paid in Full · Loan `7658907209`
## Borrower
- **Name:** FIRST AUTO CONNECTION INC
- **Address:** 11711 Gulf Freeway, HOUSTON, TX, 77034-3533
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.09M (102%)
- **Forgiveness date:** 02/23/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $934K
- **Rent:** $85K
- **Utilities:** $11K
- **Health care:** $43K
- **Jobs reported:** 114
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*