# PPP loan: THORNTON CHEVROLET INC.
> **$1.27M** approved 04/08/2020 · Paid in Full · Loan `8512157004`
## Borrower
- **Name:** THORNTON CHEVROLET INC.
- **Address:** 1971 Thornton Rd, LITHIA SPRINGS, GA, 30122-2633
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.17M
- **Rent:** $50K
- **Mortgage interest:** $21K
- **Utilities:** $32K
- **Jobs reported:** 165
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*