# PPP loan: STRONG VOLKSWAGEN, INC.
> **$1.21M** approved 04/08/2020 · Paid in Full · Loan `8308457003`
## Borrower
- **Name:** STRONG VOLKSWAGEN, INC.
- **Address:** 1070 So. Main Street, SALT LAKE CITY, UT, 84101-3115
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 05/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $904K
- **Mortgage interest:** $151K
- **Utilities:** $151K
- **Jobs reported:** 110
## Lender
- **Originating:** D. L. Evans Bank
- **Servicing:** D. L. Evans Bank (ID)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*