# PPP loan: RELIABLE TIRE DISTRIBUTORS
> **$2.38M** approved 04/14/2020 · Paid in Full · Loan `7520287101`
## Borrower
- **Name:** RELIABLE TIRE DISTRIBUTORS
- **Address:** 805 N Black Horse Pike, Blackwood, NJ, 08012
- **NAICS:** 423130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.38M
- **Initial approval:** $2.38M
- **Forgiven:** $2.41M (101%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.78M
- **Rent:** $297K
- **Utilities:** $297K
- **Jobs reported:** 159
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*