# PPP loan: IMLAY CITY FORD, INC.
> **$759K** approved 04/15/2020 · Paid in Full · Loan `8547717104`
## Borrower
- **Name:** IMLAY CITY FORD, INC.
- **Address:** 1788 CEDAR ST, IMLAY CITY, MI, 48444-9779
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $759K
- **Initial approval:** $759K
- **Forgiven:** $764K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $577K
- **Mortgage interest:** $152K
- **Health care:** $30K
- **Jobs reported:** 60
## Lender
- **Originating:** ChoiceOne Bank
- **Servicing:** ChoiceOne Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*