# PPP loan: INTER CITY TIRE & AUTO CENTER INC
> **$1.12M** approved 02/14/2021 · Paid in Full · Loan `9070168402`
## Borrower
- **Name:** INTER CITY TIRE & AUTO CENTER INC
- **Address:** 777 Dowd Ave, Elizabeth, NJ, 07201-2118
- **NAICS:** 811111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 02/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.12M
- **Utilities:** $1
- **Jobs reported:** 78
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*