# PPP loan: EAST HANOVER AUTO SALES, INC.
> **$1.56M** approved 04/09/2020 · Paid in Full · Loan `1130487110`
## Borrower
- **Name:** EAST HANOVER AUTO SALES, INC.
- **Address:** 235 Route 10, EAST HANOVER, NJ, 07936-0235
- **NAICS:** 485320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $97K (6%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.56M
- **Jobs reported:** 200
## Lender
- **Originating:** Peapack-Gladstone Bank
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*