# PPP loan: GERBER AUTO CENTER INC
> **$240K** approved 04/15/2020 · Paid in Full · Loan `1979207204`
## Borrower
- **Name:** GERBER AUTO CENTER INC
- **Address:** 60 BURLEWS CT, HACKENSACK, NJ, 07601-4829
- **NAICS:** 811111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 15
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*