# PPP loan: BISHOP GMC, INC.
> **$271K** approved 04/08/2020 · Paid in Full · Loan `7732387000`
## Borrower
- **Name:** BISHOP GMC, INC.
- **Address:** 400 MACKINAW AVE, CHEBOYGAN, MI, 49721-1000
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Rent:** $20K
- **Utilities:** $31K
- **Jobs reported:** 33
## Lender
- **Originating:** Central Savings Bank
- **Servicing:** Central Savings Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*