# PPP loan: STOFF MOTOR COMPANY
> **$533K** approved 04/08/2020 · Paid in Full · Loan `8317557000`
## Borrower
- **Name:** STOFF MOTOR COMPANY
- **Address:** 2665 US 1 South, SAINT AUGUSTINE, FL, 32086
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $533K
- **Initial approval:** $533K
- **Forgiven:** $538K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Rent:** $67K
- **Utilities:** $67K
- **Jobs reported:** 46
## 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*