# PPP loan: PLANET AUTOMOTIVE GROUP LLC
> **$604K** approved 04/08/2020 · Paid in Full · Loan `8439197008`
## Borrower
- **Name:** PLANET AUTOMOTIVE GROUP LLC
- **Address:** 110 NORTHCHASE DR, CHARLOTTE, NC, 28213-6840
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $604K
- **Initial approval:** $604K
- **Forgiven:** $614K (102%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $450K
- **Rent:** $90K
- **Utilities:** $34K
- **Debt interest:** $30K
- **Jobs reported:** 63
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*