# PPP loan: HIGHPOINT AUTO & TRUCK CENTER INC
> **$568K** approved 04/07/2020 · Paid in Full · Loan `6507957004`
## Borrower
- **Name:** HIGHPOINT AUTO & TRUCK CENTER INC
- **Address:** 7555 US HIGHWAY 131, CADILLAC, MI, 49601-8439
- **NAICS:** 551112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $568K
- **Initial approval:** $568K
- **Forgiven:** $572K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $455K
- **Rent:** $28K
- **Utilities:** $9K
- **Health care:** $24K
- **Debt interest:** $52K
- **Jobs reported:** 46
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*