# PPP loan: TIM RAZZARI MOTORS, INC
> **$973K** approved 04/10/2020 · Paid in Full · Loan `2562017107`
## Borrower
- **Name:** TIM RAZZARI MOTORS, INC
- **Address:** 1234 AUTO CENTER DR, MERCED, CA, 95340-5668
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $973K
- **Initial approval:** $973K
- **Forgiven:** $984K (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $779K
- **Mortgage interest:** $195K
- **Jobs reported:** 59
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*