# PPP loan: CAPITAL TIRE, INC.
> **$2.39M** approved 04/04/2020 · Paid in Full · Loan `4780977001`
## Borrower
- **Name:** CAPITAL TIRE, INC.
- **Address:** 1001 CHERRY ST, TOLEDO, OH, 43608-2901
- **NAICS:** 441320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.39M
- **Initial approval:** $2.39M
- **Forgiven:** $2.42M (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.70M
- **Rent:** $260K
- **Utilities:** $58K
- **Health care:** $280K
- **Debt interest:** $95K
- **Jobs reported:** 224
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*