# PPP loan: JERMEY'S AUTOMOTIVE AND PERFORMANCE
> **$219K** approved 04/13/2020 · Paid in Full · Loan `5511917110`
## Borrower
- **Name:** JERMEY'S AUTOMOTIVE AND PERFORMANCE
- **Address:** 10788 Gratiot, Casco, MI, 48006-1006
- **NAICS:** 811111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $219K
- **Initial approval:** $219K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $172K
- **Mortgage interest:** $22K
- **Utilities:** $22K
- **Health care:** $3K
- **Jobs reported:** 20
## Lender
- **Originating:** ChoiceOne Bank
- **Servicing:** ChoiceOne Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*