# PPP loan: HOT ROD SHOP INC
> **$356K** approved 04/30/2020 · Charged Off · Loan `7597967309`
## Borrower
- **Name:** HOT ROD SHOP INC
- **Address:** 2007 CLEMENT AVENUE, ALAMEDA, CA, 94501
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $356K
- **Initial approval:** $356K
- **Forgiven:** $335K (94%)
- **Forgiveness date:** 01/21/2022
- **Status:** Charged Off
- **Term:** 23 months
## Use of funds
- **Payroll:** $356K
- **Jobs reported:** 21
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*