# PPP loan: INTERCAR, INC.
> **$551K** approved 04/28/2020 · Paid in Full · Loan `1619557309`
## Borrower
- **Name:** INTERCAR, INC.
- **Address:** 92 Hampton House Road, Newton, NJ, 07860-1410
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $555K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $441K
- **Mortgage interest:** $110K
- **Jobs reported:** 39
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*