# PPP loan: ERHARD MOTOR SALES, INC.
> **$2.48M** approved 04/15/2020 · Paid in Full · Loan `9625197104`
## Borrower
- **Name:** ERHARD MOTOR SALES, INC.
- **Address:** 1845 S TELEGRAPH, BLOOMFIELD HILLS, MI, 48302
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.48M
- **Initial approval:** $2.48M
- **Forgiven:** $2.50M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.48M
- **Jobs reported:** 48
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*