# PPP loan: ARTS AUTOMOTIVE INC
> **$230K** approved 04/15/2020 · Paid in Full · Loan `2101857207`
## Borrower
- **Name:** ARTS AUTOMOTIVE INC
- **Address:** 2871 San Pablo Avenue, Berkeley, CA, 94702
- **NAICS:** 453998
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $230K
- **Initial approval:** $230K
- **Forgiven:** $220K (96%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Jobs reported:** 14
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*