# PPP loan: BLACK AUTOMOTIVE GROUP INC.
> **$584K** approved 04/07/2020 · Paid in Full · Loan `7452417002`
## Borrower
- **Name:** BLACK AUTOMOTIVE GROUP INC.
- **Address:** 809 SALISBURY RD, STATESVILLE, NC, 28677-6223
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $584K
- **Initial approval:** $584K
- **Forgiven:** $589K (101%)
- **Forgiveness date:** 04/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $584K
- **Jobs reported:** 63
## Lender
- **Originating:** BlueHarbor Bank
- **Servicing:** BlueHarbor Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*