# PPP loan: DONALD B RICE TIRE CO, INC
> **$2.72M** approved 04/13/2020 · Paid in Full · Loan `5454607103`
## Borrower
- **Name:** DONALD B RICE TIRE CO, INC
- **Address:** 909 North East Street, FREDERICK, MD, 21701-4621
- **NAICS:** 441320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.72M
- **Initial approval:** $2.72M
- **Forgiven:** $2.76M (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.20M
- **Rent:** $311K
- **Health care:** $212K
- **Jobs reported:** 230
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*