# PPP loan: BOBBY & STEVES AUTO WORLD II, LLP
> **$585K** approved 04/10/2020 · Paid in Full · Loan `1411397103`
## Borrower
- **Name:** BOBBY & STEVES AUTO WORLD II, LLP
- **Address:** 1221 Washington Ave. S., MINNEAPOLIS, MN, 55415-1247
- **NAICS:** 447110
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $585K
- **Initial approval:** $585K
- **Forgiven:** $592K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $497K
- **Mortgage interest:** $58K
- **Utilities:** $29K
- **Jobs reported:** 88
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*