# PPP loan: BERGLUND LUXURY AUTO INC
> **$406K** approved 04/07/2020 · Paid in Full · Loan `6967297008`
## Borrower
- **Name:** BERGLUND LUXURY AUTO INC
- **Address:** 2643 Lakeside Drive, LYNCHBURG, VA, 24501-6944
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $406K
- **Initial approval:** $406K
- **Forgiven:** $411K (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $316K
- **Rent:** $73K
- **Mortgage interest:** $4K
- **Utilities:** $12K
- **Jobs reported:** 30
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*