# PPP loan: S & M AUTOMOTIVE GROUP LLC
> **$275K** approved 04/13/2020 · Paid in Full · Loan `4205307101`
## Borrower
- **Name:** S & M AUTOMOTIVE GROUP LLC
- **Address:** 7061 W Galveston St, CHANDLER, AZ, 85226-2404
- **NAICS:** 811111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $278K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Rent:** $34K
- **Utilities:** $34K
- **Jobs reported:** 17
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*