# PPP loan: MIKE RAISOR FORD, INC
> **$2.92M** approved 04/08/2020 · Paid in Full · Loan `8050847004`
## Borrower
- **Name:** MIKE RAISOR FORD, INC
- **Address:** 2051 Sagamore Parkway South, LAFAYETTE, IN, 47905-5108
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.92M
- **Initial approval:** $2.92M
- **Forgiven:** $2.95M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.34M
- **Rent:** $195K
- **Utilities:** $195K
- **Debt interest:** $195K
- **Jobs reported:** 260
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*