# PPP loan: VOLVO SALES & SERVICE CENTER, INC
> **$3.19M** approved 04/09/2020 · Paid in Full · Loan `1129667108`
## Borrower
- **Name:** VOLVO SALES & SERVICE CENTER, INC
- **Address:** 4375 Lincoln Ave 0.0, Lisle, IL, 60532-1211
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.19M
- **Initial approval:** $3.19M
- **Forgiven:** $3.24M (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.40M
- **Rent:** $240K
- **Utilities:** $160K
- **Health care:** $160K
- **Debt interest:** $240K
- **Jobs reported:** 292
## 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*