# PPP loan: TIMBROOK AUTOMOTIVE, INC.
> **$3.01M** approved 04/14/2020 · Paid in Full · Loan `7928157101`
## Borrower
- **Name:** TIMBROOK AUTOMOTIVE, INC.
- **Address:** 10210 MOUNT SAVAGE ROAD NW, CUMBERLAND, MD, 21502
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.01M
- **Initial approval:** $3.60M
- **Forgiven:** $3.05M (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.50M
- **Rent:** $400K
- **Utilities:** $100K
- **Health care:** $15K
- **Jobs reported:** 200
## 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*