# PPP loan: CHAVES AUTOMOTIVE INC.
> **$361K** approved 02/17/2021 · Paid in Full · Loan `9554328409`
## Borrower
- **Name:** CHAVES AUTOMOTIVE INC.
- **Address:** 26 Kearney Street, Bridgewater, NJ, 08807
- **NAICS:** 811121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $361K
- **Initial approval:** $361K
- **Forgiven:** $365K (101%)
- **Forgiveness date:** 03/31/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $361K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Provident Bank
- **Servicing:** Provident Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*