# PPP loan: AMERICAN RING TRAVEL INC
> **$342K** approved 03/03/2021 · Exemption 4 · Loan `6436118509`
## Borrower
- **Name:** AMERICAN RING TRAVEL INC
- **Address:** 25020 Avenue Stanford Ste 20, Valencia, CA, 91355-4832
- **NAICS:** 561520
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $342K
- **Initial approval:** $342K
- **Forgiven:** $315K (92%)
- **Forgiveness date:** 12/09/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $342K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*