# PPP loan: JOHN WATSON CHEVROLET INC
> **$863K** approved 04/06/2020 · Paid in Full · Loan `6322917007`
## Borrower
- **Name:** JOHN WATSON CHEVROLET INC
- **Address:** 3535 Wall Ave, OGDEN, UT, 84401-4012
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $863K
- **Initial approval:** $863K
- **Forgiven:** $869K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $647K
- **Rent:** $108K
- **Utilities:** $108K
- **Jobs reported:** 63
## Lender
- **Originating:** Bank of Utah
- **Servicing:** Bank of Utah (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*