# PPP loan: GRAND RAPIDS CHEVROLET BUICK GMC CADILLAC INC
> **$534K** approved 04/04/2020 · Paid in Full · Loan `5057427006`
## Borrower
- **Name:** GRAND RAPIDS CHEVROLET BUICK GMC CADILLAC INC
- **Address:** 1610 S Pokegama Ave, GRAND RAPIDS, MN, 55744-4215
- **NAICS:** 999990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $534K
- **Initial approval:** $534K
- **Forgiven:** $538K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $427K
- **Mortgage interest:** $57K
- **Utilities:** $50K
- **Jobs reported:** 54
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*