# PPP loan: RITE ENGINEERING & MANUFACTURING CORP
> **$410K** approved 02/04/2021 · Paid in Full · Loan `3208098401`
## Borrower
- **Name:** RITE ENGINEERING & MANUFACTURING CORP
- **Address:** 5832 Garfield Ave, Commerce, CA, 90040-3605
- **NAICS:** 333414
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $410K
- **Initial approval:** $410K
- **Forgiven:** $414K (101%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $410K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*