# PPP loan: SMITH VOLKSWAGEN LTD
> **$471K** approved 04/15/2020 · Paid in Full · Loan `9537617110`
## Borrower
- **Name:** SMITH VOLKSWAGEN LTD
- **Address:** 4304 Kirkwood Highway, Wilmington, DE, 19808
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $471K
- **Initial approval:** $471K
- **Forgiven:** $476K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $326K
- **Rent:** $108K
- **Utilities:** $7K
- **Health care:** $30K
- **Debt interest:** $1K
- **Jobs reported:** 41
## 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*