# PPP loan: MCGAVOCK NISSAN OF SAN MARCOS, LP
> **$759K** approved 04/08/2020 · Paid in Full · Loan `8583897000`
## Borrower
- **Name:** MCGAVOCK NISSAN OF SAN MARCOS, LP
- **Address:** 2980 IH 35 South, SAN MARCOS, TX, 78666
- **NAICS:** 441110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $759K
- **Initial approval:** $759K
- **Forgiven:** $764K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $569K
- **Rent:** $190K
- **Jobs reported:** 61
## Lender
- **Originating:** American Bank of Commerce
- **Servicing:** American Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*