# PPP loan: MICHAEL BATES CHEVROLET INC.
> **$722K** approved 03/28/2021 · Paid in Full · Loan `2136118705`
## Borrower
- **Name:** MICHAEL BATES CHEVROLET INC.
- **Address:** 23755 Allen Rd, Woodhaven, MI, 48183-3393
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $722K
- **Initial approval:** $722K
- **Forgiven:** $727K (101%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $722K
- **Utilities:** $1
- **Jobs reported:** 68
## Lender
- **Originating:** Live Oak Banking Company
- **Servicing:** Live Oak Banking Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*