# PPP loan: R&M APPLIANCE, INC.
> **$402K** approved 04/08/2020 · Paid in Full · Loan `8687687001`
## Borrower
- **Name:** R&M APPLIANCE, INC.
- **Address:** 4070 KEARNY MESA RD, SAN DIEGO, CA, 92111-3730
- **NAICS:** 443141
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $402K
- **Initial approval:** $450K
- **Forgiven:** $406K (101%)
- **Forgiveness date:** 05/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $291K
- **Rent:** $77K
- **Utilities:** $13K
- **Health care:** $21K
- **Jobs reported:** 44
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*