# PPP loan: RATE-HIGHWAY INC
> **$192K** approved 05/03/2020 · Exemption 4 · Loan `5194297708`
## Borrower
- **Name:** RATE-HIGHWAY INC
- **Address:** 1621 ALTON PKWY STE 240, IRVINE, CA, 92606-4846
- **NAICS:** 561110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $192K
- **Initial approval:** $264K
- **Forgiven:** $176K (92%)
- **Forgiveness date:** 06/09/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $192K
- **Jobs reported:** 13
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*