# PPP loan: CHATOM MOTOR CO., INC.
> **$232K** approved 04/09/2020 · Paid in Full · Loan `9302777009`
## Borrower
- **Name:** CHATOM MOTOR CO., INC.
- **Address:** 16835 JORDAN ST, CHATOM, AL, 36518-3405
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $232K
- **Initial approval:** $232K
- **Forgiven:** $234K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $218K
- **Mortgage interest:** $4K
- **Utilities:** $5K
- **Health care:** $5K
- **Jobs reported:** 25
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*