# PPP loan: RED'S AUTO INC
> **$153K** approved 04/04/2020 · Paid in Full · Loan `4719017007`
## Borrower
- **Name:** RED'S AUTO INC
- **Address:** 104 1ST AVE N P.O. Box 33, PIERZ, MN, 56364-4132
- **NAICS:** 447110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $153K
- **Initial approval:** $153K
- **Forgiven:** $155K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Jobs reported:** 14
## Lender
- **Originating:** Farmers and Merchants State Bank of Pierz
- **Servicing:** Farmers and Merchants State Bank of Pierz (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*