# PPP loan: MEX RENT A CAR INC
> **$207K** approved 05/27/2020 · Exemption 4 · Loan `4050927801`
## Borrower
- **Name:** MEX RENT A CAR INC
- **Address:** 1002 W JUNIPER ST, SAN DIEGO, CA, 92101-1706
- **NAICS:** 532111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $162K (78%)
- **Forgiveness date:** 02/25/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $205K
- **Mortgage interest:** $1K
- **Utilities:** $1K
- **Jobs reported:** 32
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*