# PPP loan: COAD AUTOSALES INC.
> **$397K** approved 04/08/2020 · Paid in Full · Loan `8763597001`
## Borrower
- **Name:** COAD AUTOSALES INC.
- **Address:** 3941 Mike Smith Dr., PADUCAH, KY, 42001-6517
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $400K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $213K
- **Rent:** $125K
- **Utilities:** $13K
- **Debt interest:** $46K
- **Jobs reported:** 40
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*