# PPP loan: WATSON CHEVROLET, INC.
> **$1.70M** approved 04/09/2020 · Paid in Full · Loan `9900637002`
## Borrower
- **Name:** WATSON CHEVROLET, INC.
- **Address:** 625 W Auto Mall Drive 0.0, Tucson, AZ, 85705-6010
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $2.12M
- **Forgiven:** $1.65M (97%)
- **Forgiveness date:** 04/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.60M
- **Utilities:** $51K
- **Health care:** $51K
- **Jobs reported:** 209
## 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*