# PPP loan: LIMBAUGH MOTORS, INC
> **$1.03M** approved 04/09/2020 · Paid in Full · Loan `9679777009`
## Borrower
- **Name:** LIMBAUGH MOTORS, INC
- **Address:** 2200 AVENUE V, BIRMINGHAM, AL, 35218-2947
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.03M
- **Initial approval:** $1.03M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $859K
- **Rent:** $175K
- **Jobs reported:** 105
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*