# PPP loan: JIM BURKE AUTOMOTIVE, INC.
> **$2.55M** approved 04/06/2020 · Paid in Full · Loan `6049507000`
## Borrower
- **Name:** JIM BURKE AUTOMOTIVE, INC.
- **Address:** 1301  5TH AVE, BIRMINGHAM, AL, 35228-2407
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.55M
- **Initial approval:** $2.55M
- **Forgiven:** $2.58M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.91M
- **Mortgage interest:** $319K
- **Utilities:** $319K
- **Jobs reported:** 231
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*