# PPP loan: RAY SKILLMAN FORD, INC
> **$3.07M** approved 04/09/2020 · Paid in Full · Loan `1037897110`
## Borrower
- **Name:** RAY SKILLMAN FORD, INC
- **Address:** 1250 US 31 0.0, Greenwood, IN, 46143-2411
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.07M
- **Initial approval:** $3.07M
- **Forgiven:** $3.11M (101%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.30M
- **Rent:** $200K
- **Mortgage interest:** $100K
- **Utilities:** $100K
- **Health care:** $162K
- **Debt interest:** $200K
- **Jobs reported:** 235
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*