# PPP loan: METRO MOTORS INC.
> **$1.44M** approved 03/03/2021 · Paid in Full · Loan `6408838505`
## Borrower
- **Name:** METRO MOTORS INC.
- **Address:** 1880 Hartford Ave, Johnston, RI, 02919-3243
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.44M
- **Initial approval:** $1.44M
- **Forgiven:** $1.28M (89%)
- **Forgiveness date:** 01/31/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.44M
- **Jobs reported:** 85
## Lender
- **Originating:** Mechanics Cooperative Bank
- **Servicing:** Mechanics Cooperative Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*