# PPP loan: CENTER MOTOR COMPANY FORD
> **$259K** approved 04/09/2020 · Paid in Full · Loan `9650177002`
## Borrower
- **Name:** CENTER MOTOR COMPANY FORD
- **Address:** 825 HURST ST, CENTER, TX, 75935-3417
- **NAICS:** 441110
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $259K
- **Initial approval:** $259K
- **Forgiven:** $261K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $246K
- **Rent:** $8K
- **Utilities:** $5K
- **Jobs reported:** 24
## Lender
- **Originating:** Shelby Savings Bank, SSB
- **Servicing:** Shelby Savings Bank, SSB (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*