# PPP loan: PETRO CHEVROLET CADILLAC INC
> **$330K** approved 04/27/2020 · Exemption 4 · Loan `5217447208`
## Borrower
- **Name:** PETRO CHEVROLET CADILLAC INC
- **Address:** 4012   14TH ST, PASCAGOULA, MS, 39567-2406
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $330K
- **Initial approval:** $330K
- **Forgiven:** $153K (46%)
- **Forgiveness date:** 12/22/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $247K
- **Rent:** $24K
- **Mortgage interest:** $10K
- **Utilities:** $14K
- **Health care:** $19K
- **Debt interest:** $16K
- **Jobs reported:** 22
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*