# PPP loan: GPB CARS 12 LLC
> **$861K** approved 05/01/2020 · Charged Off · Loan `4758577700`
## Borrower
- **Name:** GPB CARS 12 LLC
- **Address:** 545 US - 22, NORTH PLAINFIELD, NJ, 07060
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $861K
- **Initial approval:** $861K
- **Forgiven:** $198K (23%)
- **Forgiveness date:** 07/08/2022
- **Status:** Charged Off
- **Term:** 7 months
## Use of funds
- **Payroll:** $861K
- **Jobs reported:** 61
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*