# PPP loan: MEIGHAN AUTO ACQUISITIONS INC
> **$583K** approved 04/09/2020 · Paid in Full · Loan `9152767010`
## Borrower
- **Name:** MEIGHAN AUTO ACQUISITIONS INC
- **Address:** 413 E Meighan Blvd, Gadsden, AL, 35903-1050
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $583K
- **Initial approval:** $583K
- **Forgiven:** $587K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $550K
- **Rent:** $20K
- **Utilities:** $13K
- **Jobs reported:** 100
## Lender
- **Originating:** First Bank of Boaz
- **Servicing:** First Bank of Boaz (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*