# PPP loan: MICHAEL BATES CHEVROLET, INC.
> **$873K** approved 04/12/2020 · Paid in Full · Loan `4052887109`
## Borrower
- **Name:** MICHAEL BATES CHEVROLET, INC.
- **Address:** 23755 Allen Rd, Woodhaven, MI, 48183
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $873K
- **Initial approval:** $873K
- **Forgiven:** $883K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $873K
- **Jobs reported:** 70
## Lender
- **Originating:** Live Oak Banking Company
- **Servicing:** Live Oak Banking Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*