# PPP loan: KOBY IMPORT AUTO, INC
> **$501K** approved 04/09/2020 · Paid in Full · Loan `1065247100`
## Borrower
- **Name:** KOBY IMPORT AUTO, INC
- **Address:** 1431 East I-65 Service Rd. S 0.0, Mobile, AL, 36606-2743
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $501K
- **Initial approval:** $501K
- **Forgiven:** $513K (102%)
- **Forgiveness date:** 08/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $401K
- **Rent:** $46K
- **Utilities:** $14K
- **Health care:** $19K
- **Debt interest:** $21K
- **Jobs reported:** 50
## 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*