# PPP loan: RARE PARTS INC
> **$301K** approved 04/10/2020 · Paid in Full · Loan `1743277109`
## Borrower
- **Name:** RARE PARTS INC
- **Address:** 621 WILSHIRE AVE, STOCKTON, CA, 95203-1900
- **NAICS:** 423140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $301K
- **Initial approval:** $301K
- **Forgiven:** $303K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Rent:** $20K
- **Utilities:** $10K
- **Health care:** $16K
- **Jobs reported:** 25
## Lender
- **Originating:** BAC Community Bank
- **Servicing:** BAC Community Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*