# PPP loan: MIAMI AUTOMOTIVE RETAIL, INC
> **$3.07M** approved 04/09/2020 · Paid in Full · Loan `9711857010`
## Borrower
- **Name:** MIAMI AUTOMOTIVE RETAIL, INC
- **Address:** 665 SW 8th Street 0.0, Miami, FL, 33130-3308
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.07M
- **Initial approval:** $3.07M
- **Forgiven:** $3.11M (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.68M
- **Rent:** $90K
- **Mortgage interest:** $195K
- **Utilities:** $60K
- **Health care:** $45K
- **Jobs reported:** 250
## 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*