# PPP loan: MATT SAXE CHEVROLET-BUICK, INC.
> **$414K** approved 04/14/2020 · Paid in Full · Loan `6463307103`
## Borrower
- **Name:** MATT SAXE CHEVROLET-BUICK, INC.
- **Address:** 909 ENTERPRISE DRIVE, BELLE PLAINE, MN, 56011
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $414K
- **Initial approval:** $414K
- **Forgiven:** $418K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $311K
- **Mortgage interest:** $62K
- **Utilities:** $41K
- **Jobs reported:** 36
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*