# PPP loan: GOLLING MOTORS INC
> **$159K** approved 02/26/2021 · Paid in Full · Loan `5030528509`
## Borrower
- **Name:** GOLLING MOTORS INC
- **Address:** 2405 S Telegraph Rd, Bloomfield Hills, MI, 48302-0256
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $159K
- **Utilities:** $1
- **Jobs reported:** 8
## Lender
- **Originating:** Ally Bank
- **Servicing:** Ally Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*