# PPP loan: RIVERSIDE PREMIER MOTORS INC
> **$235K** approved 04/06/2020 · Charged Off · Loan `6406757004`
## Borrower
- **Name:** RIVERSIDE PREMIER MOTORS INC
- **Address:** 247 W LA CADENA DR, RIVERSIDE, CA, 92501-1102
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $235K
- **Initial approval:** $235K
- **Forgiven:** $112K (48%)
- **Forgiveness date:** 06/09/2023
- **Status:** Charged Off
- **Term:** 21 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $30K
- **Utilities:** $5K
- **Jobs reported:** 26
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*