# PPP loan: RC MERCHANT & CO.,INC.
> **$221K** approved 05/01/2020 · Paid in Full · Loan `1013247806`
## Borrower
- **Name:** RC MERCHANT & CO.,INC.
- **Address:** 23735 RESEARCH DR, FARMINGTON HILLS, MI, 48335
- **NAICS:** —
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Jobs reported:** 12
## 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*