# PPP loan: R&M EQUIPMENT RENTALS, INC
> **$480K** approved 04/07/2020 · Paid in Full · Loan `6488957008`
## Borrower
- **Name:** R&M EQUIPMENT RENTALS, INC
- **Address:** 2329 29th Ave North, BIRMINGHAM, AL, 35207-5043
- **NAICS:** 532310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $480K
- **Initial approval:** $480K
- **Forgiven:** $483K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $480K
- **Jobs reported:** 36
## Lender
- **Originating:** SouthPoint Bank
- **Servicing:** SouthPoint Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*