# PPP loan: RELIABLE AUTO FINANCE, INC.
> **$306K** approved 04/07/2020 · Paid in Full · Loan `7609937004`
## Borrower
- **Name:** RELIABLE AUTO FINANCE, INC.
- **Address:** 1515 28th Street SW, WYOMING, MI, 49509-2707
- **NAICS:** 522220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $306K
- **Initial approval:** $306K
- **Forgiven:** $251K (82%)
- **Forgiveness date:** 01/05/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $238K
- **Rent:** $23K
- **Utilities:** $4K
- **Health care:** $18K
- **Debt interest:** $24K
- **Jobs reported:** 26
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*