# PPP loan: GALESBURG FORD INC
> **$267K** approved 04/30/2020 · Paid in Full · Loan `6167347306`
## Borrower
- **Name:** GALESBURG FORD INC
- **Address:** 10150 EAST MICHIGAN AVE, GALESBURG, MI, 49053
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $267K
- **Initial approval:** $267K
- **Forgiven:** $269K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $214K
- **Mortgage interest:** $27K
- **Utilities:** $27K
- **Jobs reported:** 21
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*