# PPP loan: RALPH HAYES MOTORS, INC.
> **$983K** approved 04/06/2020 · Paid in Full · Loan `5733687010`
## Borrower
- **Name:** RALPH HAYES MOTORS, INC.
- **Address:** 3525 CLEMSON BLVD, ANDERSON, SC, 29621-1312
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $983K
- **Initial approval:** $983K
- **Forgiven:** $990K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $872K
- **Rent:** $91K
- **Utilities:** $21K
- **Jobs reported:** 84
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*