# PPP loan: SIMMS CHEVROLET COMPANY
> **$789K** approved 04/11/2020 · Paid in Full · Loan `3330177104`
## Borrower
- **Name:** SIMMS CHEVROLET COMPANY
- **Address:** 4220 W Vienna Rd 0.0, Clio, MI, 48420-0340
- **NAICS:** 441110
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $789K
- **Initial approval:** $789K
- **Forgiven:** $798K (101%)
- **Forgiveness date:** 06/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $744K
- **Mortgage interest:** $5K
- **Utilities:** $11K
- **Health care:** $29K
- **Jobs reported:** 61
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*