# PPP loan: KENT COUNTY MOTOR SALES CO.
> **$668K** approved 04/13/2020 · Paid in Full · Loan `4900787107`
## Borrower
- **Name:** KENT COUNTY MOTOR SALES CO.
- **Address:** 2181 S. DUPONT HIGHWAY, DOVER, DE, 19901-5556
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $668K
- **Initial approval:** $668K
- **Forgiven:** $673K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $497K
- **Rent:** $110K
- **Utilities:** $10K
- **Health care:** $30K
- **Debt interest:** $22K
- **Jobs reported:** 55
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*