# PPP loan: BOB VALENTI CHEVROLET, INC
> **$556K** approved 04/08/2020 · Paid in Full · Loan `8689037009`
## Borrower
- **Name:** BOB VALENTI CHEVROLET, INC
- **Address:** 72 JERRY BROWNE RD, MYSTIC, CT, 06355-3050
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $556K
- **Initial approval:** $556K
- **Forgiven:** $560K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $445K
- **Rent:** $56K
- **Utilities:** $56K
- **Jobs reported:** 24
## Lender
- **Originating:** Chelsea Groton Bank
- **Servicing:** Chelsea Groton Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*