# PPP loan: RKD AUTOMOTIVE, INC.
> **$823K** approved 04/14/2020 · Paid in Full · Loan `5818107108`
## Borrower
- **Name:** RKD AUTOMOTIVE, INC.
- **Address:** 850 HOMER M ADAMS PKWY, ALTON, IL, 62002-5961
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $823K
- **Initial approval:** $823K
- **Forgiven:** $830K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $756K
- **Rent:** $34K
- **Utilities:** $19K
- **Debt interest:** $14K
- **Jobs reported:** 59
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*