# PPP loan: RALPH THAYER AUTOMOTIVE LIVONIA, INC.
> **$662K** approved 04/09/2020 · Paid in Full · Loan `9675387002`
## Borrower
- **Name:** RALPH THAYER AUTOMOTIVE LIVONIA, INC.
- **Address:** 34501 Plymouth Road 0.0, Livonia, MI, 48150-1418
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $662K
- **Initial approval:** $662K
- **Forgiven:** $670K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $557K
- **Mortgage interest:** $76K
- **Utilities:** $10K
- **Health care:** $11K
- **Debt interest:** $8K
- **Jobs reported:** 126
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*