# PPP loan: CRENWELGE MOTORS OF KERRVILLE, INC.
> **$422K** approved 04/13/2020 · Paid in Full · Loan `4526517106`
## Borrower
- **Name:** CRENWELGE MOTORS OF KERRVILLE, INC.
- **Address:** 301 MAIN ST, KERRVILLE, TX, 78028-5207
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $422K
- **Initial approval:** $422K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $317K
- **Mortgage interest:** $63K
- **Utilities:** $42K
- **Jobs reported:** 45
## Lender
- **Originating:** Broadway National Bank
- **Servicing:** Broadway National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*