# PPP loan: RIVERGATE MOTORS LP
> **$1.01M** approved 04/07/2020 · Paid in Full · Loan `7172017006`
## Borrower
- **Name:** RIVERGATE MOTORS LP
- **Address:** 2400 Gallatin Pike North, Nashville, TN, 37115-2010
- **NAICS:** 441110
- **Business type:** Partnership
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $806K
- **Rent:** $151K
- **Utilities:** $50K
- **Jobs reported:** 84
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*