# PPP loan: BLACK AUTOMOTIVE MANAGEMENT INC.
> **$253K** approved 02/03/2021 · Charged Off · Loan `2517248408`
## Borrower
- **Name:** BLACK AUTOMOTIVE MANAGEMENT INC.
- **Address:** 716 S Frio St Ste 110, San Antonio, TX, 78207-5030
- **NAICS:** 811118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $165K (65%)
- **Forgiveness date:** 12/28/2022
- **Status:** Charged Off
- **Term:** 33 months
## Use of funds
- **Payroll:** $253K
- **Jobs reported:** 43
## Lender
- **Originating:** Wallis Bank
- **Servicing:** Wallis Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*