# PPP loan: FRAMINGHAM AUTO MALL, INC.
> **$673K** approved 04/16/2020 · Charged Off · Loan `3115997209`
## Borrower
- **Name:** FRAMINGHAM AUTO MALL, INC.
- **Address:** 154 WAVERLEY ST, FRAMINGHAM, MA, 01702-7133
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $673K
- **Initial approval:** $673K
- **Forgiven:** $394K (59%)
- **Forgiveness date:** 06/10/2021
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $563K
- **Rent:** $72K
- **Utilities:** $18K
- **Health care:** $20K
- **Jobs reported:** 32
## Lender
- **Originating:** MutualOne Bank
- **Servicing:** MutualOne Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*