# PPP loan: MIKE PEDERSEN'S LAKE CHARLES AUTO AUCTION, INC
> **$200K** approved 05/19/2020 · Paid in Full · Loan `9012427403`
## Borrower
- **Name:** MIKE PEDERSEN'S LAKE CHARLES AUTO AUCTION, INC
- **Address:** 2435 E BROAD ST, LAKE CHARLES, LA, 70601-4867
- **NAICS:** 425120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $203K (101%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Jobs reported:** 23
## Lender
- **Originating:** Lakeside Bank
- **Servicing:** Lakeside Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*