# PPP loan: METRO TIRE WHOLESALE CORP.
> **$220K** approved 05/01/2020 · Paid in Full · Loan `2419957703`
## Borrower
- **Name:** METRO TIRE WHOLESALE CORP.
- **Address:** 101 FAIRCHILD AVE STE 3A, PLAINVIEW, NY, 11803
- **NAICS:** 423130
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $148K
- **Rent:** $45K
- **Utilities:** $4K
- **Health care:** $23K
- **Jobs reported:** 120
## 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*