# PPP loan: SMITHTOWN NISSAN INC
> **$1.21M** approved 06/01/2020 · Paid in Full · Loan `6343007810`
## Borrower
- **Name:** SMITHTOWN NISSAN INC
- **Address:** 535 Middle Country Road, st james, NY, 11780
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.23M (102%)
- **Forgiveness date:** 02/22/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $784K
- **Mortgage interest:** $121K
- **Utilities:** $60K
- **Health care:** $241K
- **Jobs reported:** 100
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*