# PPP loan: CAPITAL AUTO ASSOCIATES, INC.
> **$1.80M** approved 04/08/2020 · Paid in Full · Loan `8148447000`
## Borrower
- **Name:** CAPITAL AUTO ASSOCIATES, INC.
- **Address:** 8005 CAPITAL BLVD, RALEIGH, NC, 27616-3141
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.80M
- **Initial approval:** $1.80M
- **Forgiven:** $1.82M (101%)
- **Forgiveness date:** 09/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.44M
- **Mortgage interest:** $359K
- **Jobs reported:** 160
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*