# PPP loan: RSM MOTORS LP
> **$848K** approved 04/10/2020 · Paid in Full · Loan `1988317106`
## Borrower
- **Name:** RSM MOTORS LP
- **Address:** 29961 Santa Margarita Pkwy, RANCHO SANTA MARGARITA, CA, 92688-3610
- **NAICS:** 441110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $848K
- **Initial approval:** $848K
- **Forgiven:** $856K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $720K
- **Rent:** $118K
- **Mortgage interest:** $10K
- **Jobs reported:** 59
## Lender
- **Originating:** American Riviera Bank
- **Servicing:** American Riviera Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*