# PPP loan: MITCH SMITH CHEVROLET, INC.
> **$959K** approved 04/07/2020 · Paid in Full · Loan `7122747004`
## Borrower
- **Name:** MITCH SMITH CHEVROLET, INC.
- **Address:** 1655 Cherokee Ave, SW, CULLMAN, AL, 35055-5340
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $959K
- **Initial approval:** $959K
- **Forgiven:** $966K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $959K
- **Jobs reported:** 62
## Lender
- **Originating:** Merchants Bank of Alabama, A Division of SouthPoint Bank
- **Servicing:** SouthPoint Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*