# PPP loan: VIP AUTO GROUP INC
> **$299K** approved 04/10/2020 · Paid in Full · Loan `1616487110`
## Borrower
- **Name:** VIP AUTO GROUP INC
- **Address:** 1204 Hylan BLVD 0.0, Staten Island, NY, 10305-1920
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $299K
- **Initial approval:** $299K
- **Forgiven:** $81K (27%)
- **Forgiveness date:** 02/03/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Rent:** $22K
- **Mortgage interest:** $26K
- **Utilities:** $7K
- **Health care:** $6K
- **Jobs reported:** 16
## 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*