# PPP loan: FIRST STATE MOTORS, INC
> **$707K** approved 04/09/2020 · Paid in Full · Loan `9165227000`
## Borrower
- **Name:** FIRST STATE MOTORS, INC
- **Address:** 22694 DUPONT BLVD, GEORGETOWN, DE, 19947-8802
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $707K
- **Initial approval:** $707K
- **Forgiven:** $711K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $625K
- **Utilities:** $12K
- **Health care:** $34K
- **Debt interest:** $36K
- **Jobs reported:** 50
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*