# PPP loan: PAYNE DEALER GROUP MANAGEMENT CO., INC.
> **$683K** approved 04/09/2020 · Paid in Full · Loan `9190497002`
## Borrower
- **Name:** PAYNE DEALER GROUP MANAGEMENT CO., INC.
- **Address:** 2401 E. Expressway 83, WESLACO, TX, 78599
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $683K
- **Initial approval:** $683K
- **Forgiven:** $690K (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $512K
- **Mortgage interest:** $85K
- **Utilities:** $85K
- **Jobs reported:** 70
## 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*