# PPP loan: NYHUS CHEVROLET BUICK INC.
> **$195K** approved 04/03/2020 · Paid in Full · Loan `4517487010`
## Borrower
- **Name:** NYHUS CHEVROLET BUICK INC.
- **Address:** 120 2nd Ave, STAPLES, MN, 56479-2534
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $171K
- **Rent:** $10K
- **Utilities:** $8K
- **Debt interest:** $6K
- **Jobs reported:** 18
## Lender
- **Originating:** First International Bank & Trust
- **Servicing:** First International Bank & Trust (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*