# PPP loan: SHERWOOD CHEVROLET INC.
> **$526K** approved 02/18/2021 · Paid in Full · Loan `1177118500`
## Borrower
- **Name:** SHERWOOD CHEVROLET INC.
- **Address:** 145 E Tioga St, Tunkhannock, PA, 18657-1603
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $526K
- **Initial approval:** $526K
- **Forgiven:** $530K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $526K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** PS Bank
- **Servicing:** PS Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*