# PPP loan: SPARTA CHEVROLET INC
> **$614K** approved 04/08/2020 · Exemption 4 · Loan `7753087003`
## Borrower
- **Name:** SPARTA CHEVROLET INC
- **Address:** 8955 Sparta Ave NW, SPARTA, MI, 49345-9405
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $614K
- **Initial approval:** $614K
- **Forgiven:** $551K (90%)
- **Forgiveness date:** 02/10/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $614K
- **Jobs reported:** 53
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*