# PPP loan: HERTRICH AUTOMOBILE CORPORATION
> **$188K** approved 04/15/2020 · Paid in Full · Loan `9680257101`
## Borrower
- **Name:** HERTRICH AUTOMOBILE CORPORATION
- **Address:** 1123 Shore Highway, Denton, MD, 21629
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $145K
- **Rent:** $14K
- **Utilities:** $5K
- **Health care:** $6K
- **Debt interest:** $19K
- **Jobs reported:** 13
## 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*