# PPP loan: BURT WATSON CHEVROLET BUICK, LLC
> **$406K** approved 04/09/2020 · Paid in Full · Loan `9896057001`
## Borrower
- **Name:** BURT WATSON CHEVROLET BUICK, LLC
- **Address:** 10231 E Washington, REESE, MI, 48757-9338
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $406K
- **Initial approval:** $406K
- **Forgiven:** $411K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $351K
- **Rent:** $42K
- **Utilities:** $6K
- **Health care:** $7K
- **Jobs reported:** 55
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*