# PPP loan: COVERT CHEVROLET, INC.
> **$1.69M** approved 04/15/2020 · Paid in Full · Loan `9688627110`
## Borrower
- **Name:** COVERT CHEVROLET, INC.
- **Address:** 702 Hwy 71 West, Bastrop, TX, 78602
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.69M
- **Initial approval:** $1.69M
- **Forgiven:** $1.71M (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.69M
- **Rent:** $1
- **Utilities:** $1
- **Jobs reported:** 124
## Lender
- **Originating:** The First National Bank of Bastrop
- **Servicing:** The First National Bank of Bastrop (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*