# PPP loan: FERNELIUS CHEVROLET INC
> **$160K** approved 04/09/2020 · Paid in Full · Loan `9541317008`
## Borrower
- **Name:** FERNELIUS CHEVROLET INC
- **Address:** 113 S. Bennett St., ROSE CITY, MI, 48654-0241
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Mortgage interest:** $7K
- **Utilities:** $6K
- **Debt interest:** $26K
- **Jobs reported:** 14
## Lender
- **Originating:** Huron Community Bank
- **Servicing:** Huron Community Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*