# PPP loan: RT AUTOMOTIVE CENTER, INC
> **$1.34M** approved 04/11/2020 · Paid in Full · Loan `2848447102`
## Borrower
- **Name:** RT AUTOMOTIVE CENTER, INC
- **Address:** 2020 Riverview Auto Dr 0.0, Mesa, AZ, 85201-7597
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.34M
- **Initial approval:** $1.34M
- **Forgiven:** $1.36M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.24M
- **Utilities:** $30K
- **Health care:** $70K
- **Jobs reported:** 123
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*