# PPP loan: GCF AUTOMOTIVE INC.
> **$318K** approved 05/26/2020 · Paid in Full · Loan `3302597801`
## Borrower
- **Name:** GCF AUTOMOTIVE INC.
- **Address:** 1366 Doolittle Dr., ste 4, San Leandro, CA, 94577-2240
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $318K
- **Initial approval:** $75K
- **Forgiven:** $242K (76%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $238K
- **Rent:** $40K
- **Utilities:** $40K
- **Jobs reported:** 8
## Lender
- **Originating:** BSD Capital, LLC dba Lendistry
- **Servicing:** Lendistry SBLC, LLC (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*