# PPP loan: KEN DIEPHOLZ CHEVORLET
> **$505K** approved 04/04/2020 · Paid in Full · Loan `4820027004`
## Borrower
- **Name:** KEN DIEPHOLZ CHEVORLET
- **Address:** 631 W Lincoln, CHARLESTON, IL, 61920-1111
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $512K (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $379K
- **Rent:** $63K
- **Utilities:** $63K
- **Jobs reported:** 44
## Lender
- **Originating:** First Mid Bank & Trust, National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*