# PPP loan: CRIPPEN AUTO MALL, INC.
> **$617K** approved 04/08/2020 · Paid in Full · Loan `7750477007`
## Borrower
- **Name:** CRIPPEN AUTO MALL, INC.
- **Address:** 8300 West Saginaw Highway, LANSING, MI, 48917-9702
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $617K
- **Initial approval:** $617K
- **Forgiven:** $620K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $494K
- **Mortgage interest:** $62K
- **Utilities:** $62K
- **Jobs reported:** 57
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*