# PPP loan: BILL HUDGINS AUTOMOTIVE INC
> **$171K** approved 04/07/2020 · Paid in Full · Loan `6922387007`
## Borrower
- **Name:** BILL HUDGINS AUTOMOTIVE INC
- **Address:** 6907 GEORGE WASHINGTON MEMORIAL HWY, GLOUCESTER, VA, 23061-5145
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Rent:** $4K
- **Utilities:** $20K
- **Health care:** $7K
- **Debt interest:** $12K
- **Jobs reported:** 21
## Lender
- **Originating:** Chesapeake Bank
- **Servicing:** Chesapeake Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*