# PPP loan: HI-LO AUTO SALES OF MARYLAND INC.
> **$506K** approved 04/14/2020 · Paid in Full · Loan `7394507104`
## Borrower
- **Name:** HI-LO AUTO SALES OF MARYLAND INC.
- **Address:** 1427 West Patrick St, Frederick, MD, 21702
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $512K (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $379K
- **Rent:** $63K
- **Utilities:** $63K
- **Jobs reported:** 34
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*