# PPP loan: BORGMAN FORD SALES, INC.
> **$1.48M** approved 04/10/2020 · Paid in Full · Loan `1928727109`
## Borrower
- **Name:** BORGMAN FORD SALES, INC.
- **Address:** 3150 28TH ST SW, GRANDVILLE, MI, 49418-1111
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.49M (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.48M
- **Jobs reported:** 126
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*