# PPP loan: GARY SMITH FORD, INC
> **$907K** approved 04/08/2020 · Paid in Full · Loan `8606997010`
## Borrower
- **Name:** GARY SMITH FORD, INC
- **Address:** 1 Beal Parkway NE, FORT WALTON BEACH, FL, 32548-4809
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $907K
- **Initial approval:** $907K
- **Forgiven:** $915K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $850K
- **Rent:** $50K
- **Utilities:** $7K
- **Jobs reported:** 72
## 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*