# PPP loan: SHAKOPEE CHEVROLET INC
> **$509K** approved 04/09/2020 · Paid in Full · Loan `9861337002`
## Borrower
- **Name:** SHAKOPEE CHEVROLET INC
- **Address:** 1206 1st Ave East 0.0, Shakopee, MN, 55379-1611
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $509K
- **Initial approval:** $509K
- **Forgiven:** $516K (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $416K
- **Rent:** $41K
- **Utilities:** $12K
- **Health care:** $40K
- **Jobs reported:** 36
## 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*