# PPP loan: GREENSBORO AUTO CENTER INC
> **$232K** approved 04/14/2020 · Exemption 4 · Loan `6740647110`
## Borrower
- **Name:** GREENSBORO AUTO CENTER INC
- **Address:** 3800 Burlington Rd, GREENSBORO, NC, 27405-8650
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $232K
- **Initial approval:** $232K
- **Forgiven:** $204K (88%)
- **Forgiveness date:** 08/10/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $174K
- **Utilities:** $58K
- **Jobs reported:** 25
## Lender
- **Originating:** Skyline National Bank
- **Servicing:** Skyline National Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*