# PPP loan: MCGAVOCK NISSAN OF ABILENE, LLP
> **$580K** approved 04/07/2020 · Paid in Full · Loan `7419157005`
## Borrower
- **Name:** MCGAVOCK NISSAN OF ABILENE, LLP
- **Address:** 818 E. Overland Trl, ABILENE, TX, 79601-1707
- **NAICS:** 441110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $580K
- **Initial approval:** $580K
- **Forgiven:** $584K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $435K
- **Rent:** $145K
- **Jobs reported:** 45
## Lender
- **Originating:** American Bank of Commerce
- **Servicing:** American Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*