# PPP loan: JEFFREY AUTOMOTIVE GROUP, INC.
> **$1.25M** approved 04/10/2020 · Paid in Full · Loan `1950597103`
## Borrower
- **Name:** JEFFREY AUTOMOTIVE GROUP, INC.
- **Address:** 30800 GRATIOT AVE, ROSEVILLE, MI, 48066-1751
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.00M
- **Mortgage interest:** $250K
- **Jobs reported:** 111
## 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*