# PPP loan: AUTO EQUITY LOANS OF DE, LLC
> **$240K** approved 04/14/2020 · Paid in Full · Loan `7878547101`
## Borrower
- **Name:** AUTO EQUITY LOANS OF DE, LLC
- **Address:** 105 Foulk Road, Wilmington, DE, 19803
- **NAICS:** 522310
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $181K
- **Rent:** $39K
- **Utilities:** $10K
- **Health care:** $10K
- **Jobs reported:** 36
## 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*