# PPP loan: KRAG CHEVROLET OF SOMERSET, LLC
> **$545K** approved 04/15/2020 · Paid in Full · Loan `9960857109`
## Borrower
- **Name:** KRAG CHEVROLET OF SOMERSET, LLC
- **Address:** 2006 N. Center Ave 0.0, Somerset Township, PA, 15501-7436
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $545K
- **Initial approval:** $545K
- **Forgiven:** $552K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $417K
- **Rent:** $100K
- **Utilities:** $22K
- **Health care:** $5K
- **Jobs reported:** 54
## 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*