# PPP loan: WELLESLEY VOLKSWAGEN, BUICK, INC.
> **$572K** approved 04/15/2020 · Paid in Full · Loan `8872017110`
## Borrower
- **Name:** WELLESLEY VOLKSWAGEN, BUICK, INC.
- **Address:** 231 Linden Street, Wellesley, MA, 02482
- **NAICS:** 441110
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $572K
- **Initial approval:** $572K
- **Forgiven:** $585K (102%)
- **Forgiveness date:** 08/26/2022
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $429K
- **Rent:** $40K
- **Utilities:** $16K
- **Health care:** $80K
- **Debt interest:** $7K
- **Jobs reported:** 42
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*