# PPP loan: THOMPSON AUTOMOTIVE OF DUNDALK, INC.
> **$1.98M** approved 04/14/2020 · Paid in Full · Loan `7859567101`
## Borrower
- **Name:** THOMPSON AUTOMOTIVE OF DUNDALK, INC.
- **Address:** 1000 Merritt Boulevard, Dundalk, MD, 21222
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.98M
- **Initial approval:** $1.98M
- **Forgiven:** $2.00M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.64M
- **Rent:** $131K
- **Mortgage interest:** $25K
- **Utilities:** $55K
- **Health care:** $64K
- **Debt interest:** $66K
- **Jobs reported:** 166
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*