# PPP loan: DURRENCE LAYNE CHEVROLET BUICK GMC, INC.
> **$448K** approved 04/09/2020 · Paid in Full · Loan `9717187000`
## Borrower
- **Name:** DURRENCE LAYNE CHEVROLET BUICK GMC, INC.
- **Address:** 7334 US HIGHWAY 280 W, CLAXTON, GA, 30417-6476
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $448K
- **Initial approval:** $448K
- **Forgiven:** $450K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $387K
- **Rent:** $50K
- **Utilities:** $11K
- **Jobs reported:** 48
## Lender
- **Originating:** The Claxton Bank
- **Servicing:** The Claxton Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*