# PPP loan: RICHARD MOTORS, INC
> **$350K** approved 04/15/2020 · Paid in Full · Loan `8740497101`
## Borrower
- **Name:** RICHARD MOTORS, INC
- **Address:** 2093 S. Van Dyke Avenue, Imlay City, MI, 48444
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $354K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $350K
- **Jobs reported:** 26
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*