# PPP loan: LOFTON CHEVROLET INC
> **$162K** approved 04/10/2020 · Paid in Full · Loan `2066277105`
## Borrower
- **Name:** LOFTON CHEVROLET INC
- **Address:** 1145 US HIGHWAY 45, HENDERSON, TN, 38340-4100
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $155K (96%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Rent:** $4K
- **Utilities:** $6K
- **Jobs reported:** 25
## Lender
- **Originating:** Decatur County Bank
- **Servicing:** Decatur County Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*