# PPP loan: RAY CHEVROLET OLDS, INC.
> **$747K** approved 04/07/2020 · Paid in Full · Loan `7380827007`
## Borrower
- **Name:** RAY CHEVROLET OLDS, INC.
- **Address:** 706 W SUMMERS DR, ABBEVILLE, LA, 70510-2722
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $747K
- **Initial approval:** $747K
- **Forgiven:** $754K (101%)
- **Forgiveness date:** 04/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $747K
- **Jobs reported:** 96
## Lender
- **Originating:** Gulf Coast Bank
- **Servicing:** Gulf Coast Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*