# PPP loan: RAY SKILLMAN CHEVROLET, INC.
> **$1.30M** approved 04/09/2020 · Paid in Full · Loan `1017987105`
## Borrower
- **Name:** RAY SKILLMAN CHEVROLET, INC.
- **Address:** 3891 S Post Rd 0.0, Indianapolis, IN, 46239-8302
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.31M (101%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.04M
- **Rent:** $72K
- **Utilities:** $50K
- **Health care:** $66K
- **Debt interest:** $70K
- **Jobs reported:** 107
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*