# PPP loan: JACK EVANS CHEVROLET INC
> **$241K** approved 04/10/2020 · Paid in Full · Loan `2553327104`
## Borrower
- **Name:** JACK EVANS CHEVROLET INC
- **Address:** 125 South Royal Ave, FRONT ROYAL, VA, 22630-3203
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $241K
- **Jobs reported:** 24
## Lender
- **Originating:** Ally Bank
- **Servicing:** Ally Bank (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*