# PPP loan: CERNOHOUS CHEVROLET INC
> **$525K** approved 04/05/2020 · Paid in Full · Loan `5415357010`
## Borrower
- **Name:** CERNOHOUS CHEVROLET INC
- **Address:** 1377 ORRIN RD, PRESCOTT, WI, 54021-1040
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $525K
- **Initial approval:** $525K
- **Forgiven:** $529K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $420K
- **Mortgage interest:** $60K
- **Utilities:** $45K
- **Jobs reported:** 42
## Lender
- **Originating:** The First National Bank of River Falls
- **Servicing:** The First National Bank of River Falls (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*