# PPP loan: THORSON GMC TRUCK & BUICK MOTOR CO
> **$873K** approved 04/10/2020 · Paid in Full · Loan `2480337105`
## Borrower
- **Name:** THORSON GMC TRUCK & BUICK MOTOR CO
- **Address:** 3846 E. COLORADO BLVD, PASADENA, CA, 91107-3940
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $873K
- **Initial approval:** $873K
- **Forgiven:** $882K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $873K
- **Jobs reported:** 75
## Lender
- **Originating:** Ally Bank
- **Servicing:** Ally Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*