# PPP loan: DAVIS CHEVROLET OF DELANO INC.
> **$379K** approved 04/10/2020 · Paid in Full · Loan `1270097102`
## Borrower
- **Name:** DAVIS CHEVROLET OF DELANO INC.
- **Address:** 505 BABCOCK BLVD, DELANO, MN, 55328-9126
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $379K
- **Initial approval:** $379K
- **Forgiven:** $381K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $319K
- **Rent:** $30K
- **Mortgage interest:** $20K
- **Utilities:** $10K
- **Jobs reported:** 42
## Lender
- **Originating:** Magnifi Financial CU
- **Servicing:** Magnifi Financial CU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*