# PPP loan: MCELVEEN BUICK-GMC, INC.
> **$1.42M** approved 04/13/2020 · Paid in Full · Loan `4621477105`
## Borrower
- **Name:** MCELVEEN BUICK-GMC, INC.
- **Address:** 117 FARMINGTON RD, SUMMERVILLE, SC, 29486-5351
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.45M (102%)
- **Forgiveness date:** 02/16/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.42M
- **Jobs reported:** 118
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*