# PPP loan: RICH'S AUTOMOTIVE SPECIALIST
> **$195K** approved 04/15/2020 · Paid in Full · Loan `9212067102`
## Borrower
- **Name:** RICH'S AUTOMOTIVE SPECIALIST
- **Address:** 50 Chestnut Street, Emerson, NJ, 07630
- **NAICS:** 811121
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $125K
- **Rent:** $38K
- **Utilities:** $10K
- **Health care:** $22K
- **Jobs reported:** 14
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*