# PPP loan: BROADMOOR MOTOR SALES, INC.
> **$374K** approved 04/09/2020 · Paid in Full · Loan `9306707007`
## Borrower
- **Name:** BROADMOOR MOTOR SALES, INC.
- **Address:** 6890 BROADMOOR AVE SE, CALEDONIA, MI, 49316-8392
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $374K
- **Initial approval:** $374K
- **Forgiven:** $377K (101%)
- **Forgiveness date:** 11/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Rent:** $63K
- **Utilities:** $14K
- **Health care:** $18K
- **Jobs reported:** 28
## Lender
- **Originating:** United Bank of Michigan
- **Servicing:** United Bank of Michigan (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*