# PPP loan: PACKARD MOTOR CAR CO INC DBA PACKARD IND
> **$511K** approved 05/01/2020 · Paid in Full · Loan `2292157701`
## Borrower
- **Name:** PACKARD MOTOR CAR CO INC DBA PACKARD IND
- **Address:** 662 MYRTLE AVE, BOONTON, NJ, 07005
- **NAICS:** 423120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $511K
- **Initial approval:** $511K
- **Forgiven:** $518K (101%)
- **Forgiveness date:** 10/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $409K
- **Rent:** $13K
- **Utilities:** $4K
- **Health care:** $84K
- **Debt interest:** $2K
- **Jobs reported:** 46
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*