# PPP loan: COLONIAL WEST CHEVROLET INC
> **$422K** approved 04/15/2020 · Paid in Full · Loan `9744297102`
## Borrower
- **Name:** COLONIAL WEST CHEVROLET INC
- **Address:** 314 John Fitch Highway, Fitchburg, MA, 01420
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $422K
- **Initial approval:** $422K
- **Forgiven:** $431K (102%)
- **Forgiveness date:** 08/26/2022
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $350K
- **Rent:** $43K
- **Utilities:** $6K
- **Health care:** $23K
- **Jobs reported:** 40
## 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*