# PPP loan: MCGRATH DOWNTOWN AUTO INC
> **$714K** approved 04/15/2020 · Paid in Full · Loan `8547947103`
## Borrower
- **Name:** MCGRATH DOWNTOWN AUTO INC
- **Address:** 1301 N Elston Ave, CHICAGO, IL, 60642-2417
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $714K
- **Initial approval:** $714K
- **Forgiven:** $722K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $714K
- **Jobs reported:** 59
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*