# PPP loan: YOUNG CHEVROLET BUICK GMC OF IONIA, INC.
> **$355K** approved 04/12/2020 · Paid in Full · Loan `4040177100`
## Borrower
- **Name:** YOUNG CHEVROLET BUICK GMC OF IONIA, INC.
- **Address:** 3669 S STATE RD, IONIA, MI, 48846-9477
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $355K
- **Initial approval:** $355K
- **Forgiven:** $357K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $355K
- **Jobs reported:** 29
## Lender
- **Originating:** Independent Bank
- **Servicing:** Independent Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*