# PPP loan: GROSSMAN CHEVROLET NISSAN
> **$626K** approved 04/14/2020 · Paid in Full · Loan `7959007105`
## Borrower
- **Name:** GROSSMAN CHEVROLET NISSAN
- **Address:** 300 Middlesex Turnpike, Old Saybrook, CT, 06475
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $626K
- **Initial approval:** $626K
- **Forgiven:** $631K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $432K
- **Utilities:** $57K
- **Health care:** $37K
- **Debt interest:** $101K
- **Jobs reported:** 44
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*