# PPP loan: MIKE REED CHEVROLET, INC
> **$448K** approved 04/09/2020 · Paid in Full · Loan `8856877001`
## Borrower
- **Name:** MIKE REED CHEVROLET, INC
- **Address:** 1559 E. OGLETHORPE HIGHWAY, HINESVILLE, GA, 31313-1209
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $448K
- **Initial approval:** $448K
- **Forgiven:** $452K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $336K
- **Rent:** $112K
- **Jobs reported:** 47
## Lender
- **Originating:** Heritage Bank, A Division of The First Bank
- **Servicing:** The First Bank (MS)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*