# PPP loan: MOTOR CITY AUTOHAUS, LTD.
> **$390K** approved 04/28/2020 · Paid in Full · Loan `9805077209`
## Borrower
- **Name:** MOTOR CITY AUTOHAUS, LTD.
- **Address:** 29929 Telegraph Rd., Southfield, MI, 48034-7608
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $390K
- **Initial approval:** $390K
- **Forgiven:** $393K (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $312K
- **Mortgage interest:** $78K
- **Jobs reported:** 31
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*