# PPP loan: JOE BASIL CHEVROLET INC
> **$2.55M** approved 04/14/2020 · Paid in Full · Loan `6618657109`
## Borrower
- **Name:** JOE BASIL CHEVROLET INC
- **Address:** 5111 Transit Road, Depew, NY, 14043
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.55M
- **Initial approval:** $2.55M
- **Forgiven:** $2.58M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.31M
- **Rent:** $126K
- **Utilities:** $26K
- **Health care:** $80K
- **Debt interest:** $10K
- **Jobs reported:** 200
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*