# PPP loan: RITE WAY EQUIPMENT COMPANY INC
> **$216K** approved 04/13/2020 · Paid in Full · Loan `4703557109`
## Borrower
- **Name:** RITE WAY EQUIPMENT COMPANY INC
- **Address:** 4705 ROBARDS LN, LOUISVILLE, KY, 40218-4510
- **NAICS:** 423810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $216K
- **Initial approval:** $216K
- **Forgiven:** $219K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $216K
- **Jobs reported:** 18
## Lender
- **Originating:** Stock Yards Bank & Trust Company
- **Servicing:** Stock Yards Bank & Trust Company (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*