# PPP loan: TOWN NORTH AUTOMOTIVE, INC
> **$801K** approved 04/10/2020 · Paid in Full · Loan `1564997107`
## Borrower
- **Name:** TOWN NORTH AUTOMOTIVE, INC
- **Address:** 307 S Central Expressway 0.0, Richardson, TX, 75080-6307
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $801K
- **Initial approval:** $801K
- **Forgiven:** $812K (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $712K
- **Rent:** $29K
- **Utilities:** $8K
- **Health care:** $24K
- **Debt interest:** $28K
- **Jobs reported:** 51
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*