# PPP loan: RUSSO DEVELOPMENT ENTERPRISES INC.
> **$1.20M** approved 03/13/2021 · Paid in Full · Loan `1379868609`
## Borrower
- **Name:** RUSSO DEVELOPMENT ENTERPRISES INC.
- **Address:** 67 East Ave, Lawrence, NY, 11559-1003
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 07/20/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.20M
- **Utilities:** $1
- **Jobs reported:** 45
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*