# PPP loan: RLC LABS INC
> **$716K** approved 04/10/2020 · Paid in Full · Loan `1284947109`
## Borrower
- **Name:** RLC LABS INC
- **Address:** 1850 E Riverview Drive, PHOENIX, AZ, 85034-6703
- **NAICS:** 532299
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $716K
- **Initial approval:** $716K
- **Forgiven:** $724K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $537K
- **Utilities:** $179K
- **Jobs reported:** 71
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*