# PPP loan: LOU BACHRODT CHVROLET CO
> **$1.52M** approved 03/01/2021 · Paid in Full · Loan `5529538500`
## Borrower
- **Name:** LOU BACHRODT CHVROLET CO
- **Address:** 7070 Cherryvale North Blvd, Rockford, IL, 61112-1002
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.53M (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.52M
- **Utilities:** $1
- **Jobs reported:** 144
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*