# PPP loan: AUTOMOTIVE COLOR & SUPPLY CORP
> **$575K** approved 04/04/2020 · Paid in Full · Loan `5041107010`
## Borrower
- **Name:** AUTOMOTIVE COLOR & SUPPLY CORP
- **Address:** 1902 S. CALHOUN ST, FORT WAYNE, IN, 46802-5206
- **NAICS:** 424950
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $575K
- **Initial approval:** $575K
- **Forgiven:** $579K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Rent:** $50K
- **Utilities:** $30K
- **Health care:** $30K
- **Debt interest:** $40K
- **Jobs reported:** 70
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*