# PPP loan: RICO MOTOR COMPANY
> **$711K** approved 03/12/2021 · Paid in Full · Loan `1048188601`
## Borrower
- **Name:** RICO MOTOR COMPANY
- **Address:** 220 S Fifth St, Gallup, NM, 87301-5302
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $711K
- **Initial approval:** $711K
- **Forgiven:** $718K (101%)
- **Forgiveness date:** 03/30/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $711K
- **Utilities:** $1
- **Jobs reported:** 91
## Lender
- **Originating:** Bank of Colorado
- **Servicing:** Bank of Colorado (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*