# PPP loan: AUTO DRIVEAWAY FRANCHISE SYSTEMS, LLC
> **$1.40M** approved 05/01/2020 · Exemption 4 · Loan `1246587706`
## Borrower
- **Name:** AUTO DRIVEAWAY FRANCHISE SYSTEMS, LLC
- **Address:** 1 E 22ND ST STE 107, LOMBARD, IL, 60148
- **NAICS:** 488210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.22M (87%)
- **Forgiveness date:** 10/31/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.06M
- **Rent:** $107K
- **Utilities:** $52K
- **Health care:** $62K
- **Debt interest:** $120K
- **Jobs reported:** 241
## 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*