# PPP loan: CANNON MOTORS 2, INC
> **$237K** approved 04/09/2020 · Paid in Full · Loan `9512767004`
## Borrower
- **Name:** CANNON MOTORS 2, INC
- **Address:** 479 Hwy 6 West, OXFORD, MS, 38655-9073
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $237K
- **Initial approval:** $237K
- **Forgiven:** $238K (101%)
- **Forgiveness date:** 12/07/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $178K
- **Rent:** $46K
- **Utilities:** $14K
- **Jobs reported:** 26
## Lender
- **Originating:** Planters Bank & Trust Company
- **Servicing:** Planters Bank & Trust Company (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*