# PPP loan: WHEATON MOTOR CITY
> **$562K** approved 04/06/2020 · Paid in Full · Loan `6411687001`
## Borrower
- **Name:** WHEATON MOTOR CITY
- **Address:** 11411 ROCKVILLE PIKE, ROCKVILLE, MD, 20852-5911
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $562K
- **Initial approval:** $513K
- **Forgiven:** $568K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $562K
- **Jobs reported:** 53
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*