# PPP loan: WALLY EDGAR CHEVROLET INC
> **$1.17M** approved 04/30/2020 · Paid in Full · Loan `7526037304`
## Borrower
- **Name:** WALLY EDGAR CHEVROLET INC
- **Address:** 3805 S. Lapeer Rd 0.0, Lake Orion, MI, 48360-2464
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $884K
- **Rent:** $130K
- **Utilities:** $19K
- **Health care:** $140K
- **Jobs reported:** 99
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*