# PPP loan: RAY DENNISON CHEVROLET, INC
> **$1.01M** approved 04/05/2020 · Paid in Full · Loan `5498157003`
## Borrower
- **Name:** RAY DENNISON CHEVROLET, INC
- **Address:** 2320 N 8th St, PEKIN, IL, 61554-1545
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.15M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $754K
- **Rent:** $251K
- **Jobs reported:** 121
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*