# PPP loan: CAVENAUGH FORD CO.
> **$1.70M** approved 04/09/2020 · Paid in Full · Loan `8977117003`
## Borrower
- **Name:** CAVENAUGH FORD CO.
- **Address:** P.O. Box 429, WALNUT RIDGE, AR, 72476
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $1.70M
- **Forgiven:** $1.72M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.34M
- **Rent:** $359K
- **Jobs reported:** 193
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*