# PPP loan: PLACH AUTOMOTIVE, INC.
> **$238K** approved 04/07/2020 · Paid in Full · Loan `6598517006`
## Borrower
- **Name:** PLACH AUTOMOTIVE, INC.
- **Address:** 1101 N SHAWANO ST, NEW LONDON, WI, 54961-9305
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $239K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $190K
- **Mortgage interest:** $24K
- **Utilities:** $24K
- **Jobs reported:** 23
## Lender
- **Originating:** Nicolet National Bank
- **Servicing:** Nicolet National Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*