# PPP loan: ED KOEHN FORD OF WAYLAND INC
> **$339K** approved 04/08/2020 · Paid in Full · Loan `7842017006`
## Borrower
- **Name:** ED KOEHN FORD OF WAYLAND INC
- **Address:** 1159 W SUPERIOR ST, WAYLAND, MI, 49348-1264
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $339K
- **Initial approval:** $339K
- **Forgiven:** $342K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Rent:** $42K
- **Utilities:** $42K
- **Jobs reported:** 34
## Lender
- **Originating:** Commercial Bank
- **Servicing:** Commercial Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*