# PPP loan: CHELSEA MOTORS, LLC
> **$167K** approved 04/08/2020 · Paid in Full · Loan `7854257005`
## Borrower
- **Name:** CHELSEA MOTORS, LLC
- **Address:** 1445 S MAIN ST, CHELSEA, MI, 48118-1418
- **NAICS:** 441120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $168K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $133K
- **Rent:** $30K
- **Utilities:** $3K
- **Jobs reported:** 12
## Lender
- **Originating:** Chelsea State Bank
- **Servicing:** Chelsea State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*