# PPP loan: STOOPS AUTOMOTIVE GROUP
> **$895K** approved 04/10/2020 · Paid in Full · Loan `2465507110`
## Borrower
- **Name:** STOOPS AUTOMOTIVE GROUP
- **Address:** 4055 W. Clara LN 0.0, Muncie, IN, 47304-5414
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $895K
- **Initial approval:** $895K
- **Forgiven:** $905K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $803K
- **Rent:** $53K
- **Utilities:** $14K
- **Health care:** $25K
- **Jobs reported:** 69
## 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*