# PPP loan: MATT LAFONTAINE AUTOMOTIVE, INC.
> **$392K** approved 04/10/2020 · Paid in Full · Loan `2175157103`
## Borrower
- **Name:** MATT LAFONTAINE AUTOMOTIVE, INC.
- **Address:** 8291 I 75 BUSINESS LOOP, GRAYLING, MI, 49738-7412
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $392K
- **Initial approval:** $392K
- **Forgiven:** $394K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $344K
- **Rent:** $22K
- **Utilities:** $5K
- **Debt interest:** $20K
- **Jobs reported:** 35
## Lender
- **Originating:** Bank Michigan
- **Servicing:** Bank Michigan (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*