# PPP loan: RED CARPET CAR WASH INC
> **$260K** approved 04/27/2020 · Paid in Full · Loan `4775297200`
## Borrower
- **Name:** RED CARPET CAR WASH INC
- **Address:** 4915 N SHERIDAN RD, PEORIA, IL, 61614-4852
- **NAICS:** 811192
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $253K (97%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $260K
- **Jobs reported:** 41
## Lender
- **Originating:** CBI Bank & Trust
- **Servicing:** CBI Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*